Forbes.com published an article stating, "Most
resolutions are general, vague, and unrealistic. We don’t really believe we can
hit them because we’re not committed to our own locus of control." I believe that most fail because we don’t
always put the support in place to help us succeed. So for this year, we at BMM want to help
those who are looking for a team to assist them in moving forward with their
health and wealth. If you are interested,
click to read
more.
For those who want to follow from the sidelines, our 2013
newsletters will be an educational series covering investing and financial
planning. We hope you not only enjoy
reading along with us each month but also contribute and email us your
questions and comments.
If you are going to follow from the sidelines on getting
financially healthy in 2013, then our first lesson will begin with learning
about different expenses associated with mutual funds. Mutual funds may offer more than one “class”
of its shares to investors. Each class represents a similar interest in the
mutual fund's portfolio. The principal difference between the classes is that
the mutual fund will charge you different fees and expenses depending on the
class you choose.
Class A Shares: Class
A shares might have a front-end sales load (a type of fee that investors pay
when they purchase fund shares).
Class B Shares: Class
B shares might not have any front-end sales load, but might have a contingent
deferred sales load (CDSL) (a type of fee that investors pay only when they
redeem fund shares, and that typically decreases to zero if the investors hold
their shares long enough) and a 12b-1 fee (an annual fee paid by the fund for
distribution and/or shareholder services). Class B shares also might convert
automatically to a class of shares with a lower 12b-1 fee if held by investors
long enough.
Class C Shares: Class
C shares might have a 12b-1 fee and a CDSL or front-end sales load, but the
CDSL or sales load would be lower than Class B’s CDSL or Class A’s front-end
sales load.
One of the benefits of working with a financial advisor is that
you usually get to invest in another class of shares: Class I Shares.
Class I Shares: Class
I is sold only to institutional investors and might have different fees and
expenses.
If you’re interested in comparing the costs of different
mutual funds or figuring out how the costs of a mutual fund add up over time,
visit FINRA’s mutual
fund cost calculator.
We invite you to reach us @ info@bersonmoney.com
We offer a complimentary 30-minute phone
consultation ...
and promise to use common sense when talking
to you if at all possible
Investment advisory services are offered through Berson Money Management, a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempted. The contents of the blog are not to be copied, quoted, excerpted or distributed without express written permission of the firm. Any other use beyond its author's intent, distribution or copying of the contents of this e‐mail is strictly prohibited. Nothing in this document is intended as legal, accounting, or tax advice, and is for informational purposes only.
Investment advisory services are offered through Berson Money Management, a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempted. The contents of the blog are not to be copied, quoted, excerpted or distributed without express written permission of the firm. Any other use beyond its author's intent, distribution or copying of the contents of this e‐mail is strictly prohibited. Nothing in this document is intended as legal, accounting, or tax advice, and is for informational purposes only.
