tag:blogger.com,1999:blog-5465015914589377788.post3201613492422599304..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Deferred Sales Charges Penalize Regular SaversMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5465015914589377788.post-50337328933068087382020-10-31T16:11:26.234-04:002020-10-31T16:11:26.234-04:00The comment above is a reply to Canadian Capitalis...The comment above is a reply to Canadian Capitalist's comment:<br /><br />I've actually heard a financial advisor claim that DSCs help investors by committing them to a fund long-term. With so many no-load funds out there, investors should refuse to pay loads of any kind -- deferred or not.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-15238132939205054632011-03-22T19:58:50.619-04:002011-03-22T19:58:50.619-04:00Thank you for posting this. I'm certainly a n...Thank you for posting this. I'm certainly a non-specialist when it comes to money markets and feel very misled with the information I was provided with respect to my investment, but at least with your help I now understand how and why I was charged so much in redemption fees long after the initial 7 years had passed. Thank you, too, for providing the links which were also especially helpful while doing "my homework".Katehttps://www.blogger.com/profile/14878842326866837064noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-78488297891716663122010-01-05T11:06:41.142-05:002010-01-05T11:06:41.142-05:00CC: Everything has positive and negative aspects....CC: Everything has positive and negative aspects. It's true that DSCs have the positive attribute that they encourage commitment to investing. Let's call that 1 unit of positiveness. The money investors lose through DSCs and the ultra-high MERs that most funds with DSCs charge would then count as about 100 units of negativeness. So far, DSCs are down 99 units.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-14407863199878049442010-01-05T08:51:37.730-05:002010-01-05T08:51:37.730-05:00I asked my wife what she wanted for our Anniversar...I asked my wife what she wanted for our Anniversary this year, she said a Divorce.<br /><br />I said I didn't want to spend quite that much this year...Big Married Manhttp://www.canajunfinances.comnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-29332215772357652582010-01-05T08:36:58.853-05:002010-01-05T08:36:58.853-05:00Gene: I like the revised version. No doubt many ...Gene: I like the revised version. No doubt many of those who have been through a divorce would like the original version as well.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-28057766111195488142010-01-05T01:12:03.895-05:002010-01-05T01:12:03.895-05:00This subject reminds me of a dark, bitter joke I h...This subject reminds me of a dark, bitter joke I heard awhile back.<br /><br />First the revised version:<br /><br />Why does it cost so much to get out of a DSC fund?<br />-Because it's worth it.<br /><br />And the original joke:<br />Why is divorce so expensive?<br />-Because it's worth it.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com