Friday, November 5, 2010

Short Takes: Unclear Mutual Fund Statements, Discount Broker Price War, and more

Scott Ronalds reported some results from the latest Dalbar study of the statements that mutual fund companies send to their clients. Apparently, 68% of reports don’t even include the client’s overall rate of return and few show the fees clients pay. The few “statements that do show fees present them in an unclear way.”

Canadian Capitalist reports that Canadian discount brokers are in a price war on trading commissions.

Rob Carrick thinks it is time to ease into stocks.

Canadian Tax Resource explains the differences among setting up your business as a sole proprietorship, a partnership, and a corporation.

John Heinzl takes on some investing myths related to market timing and risk.

Thicken My Wallet explains why home bias in stock investing isn't as bad as it seems.

Preet Banerjee takes a look at the conditions under which fundamental indexing will outperform capitalization-weighted indexing.

Money Smarts explains the different ways that financial advisors get paid. If you don’t know how your advisor is being paid, there is a good chance that you’re paying too much.

Big Cajun Man explains that when it comes to banking, everything is negotiable.

Larry MacDonald (this web page has disappeared) reviewed an interesting-sounding book: Early Retirement Extreme.

Million Dollar Journey explains preferred stocks. See part 2 as well.

Financial Highway has some useful information about credit card solicitations.

5 comments:

  1. Discount Brokers portfolio reports leave much to be desired as well. RBC Direct is supposed to be making improvements but not TD Waterhouse. I don't depend on this but it might be useful for other investors who don't track their investments. Thanks for the mention!

    ReplyDelete
  2. Clearly there's lots of room for improvement on the statement front. Thanks for the mention.

    ReplyDelete
  3. Thanks for the mention.

    Great point that if you don't know the compensation method, it's probably too much. Lol.

    @Ram - I think the word "discount" should imply that you might not get all the bells and whistles like performance charts. Full fee mutual funds are a different story.

    Mike

    ReplyDelete
  4. Thanks for the mention Michael. Have a great weekend!

    ReplyDelete