It’s that time of the year when we revisit the goals we set for ourselves at the beginning of the year, think about what was accomplished (so we can celebrate it!), what worked well (so we can repeat it), and what did not work as expected (so we can change course and do things differently). As we do this, we also prepare to commit to our goals for 2015.
This is the time of year when investors start to review their portfolios and try to figure out what's in store for next year. As you go about counting up your investment winnings, selling your losers and rebalancing your portfolio, keep in mind these six key lessons.
- Tom Sightings, Yahoo! Canada Finance
This past week has been a rough experience for a lot of investors as global markets have declined mainly due to oil prices continuing to fall and indications of a Chinese slowdown on the horizon potentially having global implications. At the time of this writing the S&P/TSX Composite index was down 4.5% and the S&P 500 index was down 3% over the week, as the price of oil has slid by over 12%.
Source: Yahoo Finance
In a previous post, we covered one of the significant components of total cost of owning a fund – Management Expense Ratio (MER). In this post we will cover the rest of the cost components, including Sales Commissions, which in our opinion, are the most complex of all of the cost components.