Financial Information
I saw on a tv show that I should only be buying no load mutual funds. Is this right?
Question : I saw on a tv show that I should only be buying no load mutual funds. Is this right?
I called my broker who has sold me tons of “load” funds and he said the load funds usually perform better and that I should think of the commision as a marketing expense. He said most people don’t have the time and brains to be shopping for their own funds? Tell me what is right?
no load mutual funds
Best answer:
Answer by signwrx
call this guy ask him he is a whiz at this stuff
832-367-0245 ask for Jeff, Compass Bank
This entry was posted by admin on August 25, 2010 at 5:23 am, and is filed under Investing. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by Joe 1 year ago
Load funds on average perform worse than no-load funds, to say otherwise is lying. That’s mainly because they have to pay commissions. Truthfully, your broker deserves a commission if he is giving you good advice. But if he is lying to you, he doesn’t deserve a penny.
Try Vanguard.com or Fidelity.com for information on no-load, low expense mutual funds. If you understand their advice, invest on your own. Otherwise use a broker. Brokers have to use load funds. They have to eat, you can’t deny them a commission. -
#3 written by apg2000 1 year ago
He told you that most people don’t have the time or brains? OMG, that would make me wonder right there. Load funds give your broker a commission up front plus the 12bII’s. No load come in many different forms, check the fine print for the fees. If you are new and want to learn more about stocks, then may I suggest looking into ETFs? They are like mutual funds except the fees are lower and they are more transparent and trade all day long, and after hours. You can find out a lot about stocks, investing on the Internet. I like to use msn’s money site, it taught me a lot. Good luck and always ask for a prospective before you buy a mutual fund from anyone.
Oh, and since this is a Yahoo site, I thought that I would mention that Yahoo has a finance site. I bounce back and forth between the two because they both have features that the other one doesn’t. Like I can keep track of my investments on Yahoo messenger with Yahoo.
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#4 written by VaTreasures 1 year ago
Load funds perform better for your broker. However no load and low expense funds will get the best return for you. The load is pretty easy to avoid. Expenses are in the fine print and are not as obvious, because they are subtracted before your returns(but they must be reported).
In the future I would buy my funds directly with the mutual fund company.
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I can help you pick the best mutual funds (It does not matter if it’s a load or a no-load as long as you beat the Diamond and the Spiders)