Are MUTUAL FUNDS worth it ????
Thread Starter
1000 Watt CAFz'r
Joined: Sep 2002
Posts: 1,093
Over the past couple of months, Ive been approached by many of these PRIMERICA financial brokers telling me to invest through their company in MUTUAL FUNDS. They tried many things to convince me that it is the way to go, but my inner feeling tells me somthing isnt right.
Are Mutual Funds worth investing in or not?
Thanks
Are Mutual Funds worth investing in or not?
Thanks
500 Watt CAFz'r
Joined: May 2004
Posts: 597
Mutual funds are definitely worth investing in. If you want a good idea of how they compare to other investments, companies, etc. check out this web site:
www.portfolio4less.com
www.portfolio4less.com
Guest
Posts: n/a
I recomend dealing with your bank or a reputable local finacial advisor who you can go meet with in person and discuss your options
here's a couple quick results from google
http://www.ripoffreport.com/reports/ripoff10157.htm
http://primericabuster.bravepages.com/
here's a couple quick results from google
http://www.ripoffreport.com/reports/ripoff10157.htm
http://primericabuster.bravepages.com/
Guest
Posts: n/a
Screw Mutual funds... buy revenue property..
Way I see it, Property is Never going DOWN in value so long as you maintain them..
Hell I made $30K in 5 years on my house alone.
and only 7 more years until the Apartment buildings are paid for..
When I want to retire I can sell off my property... With building selling north of 36k a door its a retirement plan I'm happy to have.
[ October 05, 2005, 05:37 PM: Message edited by: Underdog ]
Way I see it, Property is Never going DOWN in value so long as you maintain them..
Hell I made $30K in 5 years on my house alone.
and only 7 more years until the Apartment buildings are paid for..
When I want to retire I can sell off my property... With building selling north of 36k a door its a retirement plan I'm happy to have.
[ October 05, 2005, 05:37 PM: Message edited by: Underdog ]
500 Watt CAFz'r
Joined: May 2004
Posts: 597
Real estate is always good as "God ain't makin' any more of it!".
However, property costs money & I would think that the majority of us would require financing to make that type of purchase. You have to weigh the possible profit against the cost of borrowing. Also, mutual fund investments should never go down as well as long as you maintain them too. Most companies offer some sort of re-balancing if a particular fund is underperforming.
I would also discourage having a bank handle your mutual funds investment as they are limited to the funds that that particular bank supports. If you deal with an independent advisor (such as http://www.portfolio4less.com/ as I mentioned above), they have access to the ENTIRE Canadian mutual fund market.
However, property costs money & I would think that the majority of us would require financing to make that type of purchase. You have to weigh the possible profit against the cost of borrowing. Also, mutual fund investments should never go down as well as long as you maintain them too. Most companies offer some sort of re-balancing if a particular fund is underperforming.
I would also discourage having a bank handle your mutual funds investment as they are limited to the funds that that particular bank supports. If you deal with an independent advisor (such as http://www.portfolio4less.com/ as I mentioned above), they have access to the ENTIRE Canadian mutual fund market.
