My travels in Mutual Funds have been combined. I tried buying Mutual Funds. With all the current buzz about Mutual Funds, I thought I will invest in them. After all they were managed by investment experts. They should do much better than me that was just leaning. Turn out never to be true.
The stocks and shares I invested in did mostly better than the mutual money. On May 4, 1982 I invested in the Royal Bank’s Equity Fund. I kept it until 29 April 1997 which is 15 years. My total return was 12.59% per season. Over once period the TSX index demonstrated an increase of 9.2% per year. So it would appear I did well with this. I invested in Mackenzie Financial Corp’s Industrial Growth Fund January 9, 1985. I held it until December 31, 1987, which is three years almost.
My total come back was 5.18% per year. Over once period the TSX index showed an increase of 10.2% per year. Here I acquired a positive come back but it was lower than the market. On January 30, 1992 I invested in Altamira’s Equity Fund. I sold this on October 16, 1998. This is over 6 years just.
My total return was 5.7% per 12 months. Over the same time period the TSX index demonstrated an increase of 7.5% per year. This was a positive come back and only a few percentage points below the TSX. February 9 On, 1993 I committed to Altamira’s Special Growth Fund. 75 per month. I stopped my monthly investments in December 1997. I sold this on October 7, 1998. THEREFORE I kept this fund for 6 years almost. My total return is a negative 0.2% per season.
Over the same time period the TSX index showed a rise of 8.7% per season. This investment did quite poorly. This is actually the fourth of some blogs called “If I knew now”. In February of 2017 I started this series stating that If I Knew Then when I started trading what I understand now, I would have only invested in Canadian Dividend Growth stocks.
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- Equity-like comes back over a full market cycle i.e. attractive capital development through time,
- Edward M. Kerschner, CFA, Chief Investment Strategist, Citigroup
- Paying off expensive debts, like a private money loan
- What are shared funds, and exactly how are they unique of stocks
Wednesday, May 10, 2017 around 5 pm. This blog is meant for educational purposes only, and it is never to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I really do research for my very own edification and I am willing to talk about. I write what I think and I might or may not be correct.
On a specialized note, the majority of breakaway, continuation, and exhaustion gaps take place when profits are reported after-hours or pre-market. Area gaps usually occur when an analyst’s rating is issued. Breakaway and continuation spaces have the propensity to continue in the direction of the gap for several months (take note gaps in the above charts). This is mostly caused by the top institutions selling or buying the stock throughout the time between when revenue are reported and before the next quarter’s income are announced. Area gaps quickly have a tendency to fill, in a matter of days, while an exhaustion distance signals a major longer-term reversal.