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Showing posts with label Fonds Desjardins Fidelity Frontière Nord. Show all posts
Showing posts with label Fonds Desjardins Fidelity Frontière Nord. Show all posts

Tuesday, September 2, 2008

My very best picks

I hold more than 30 different investment products. On that bunch of 30 of more investments, only 5 never let me down, in a sense that I never lost money (meaning never lost the initial investment money), even in bad times.

My top 5:

Fonds Desjardins Fidelity Frontière Nord
Energy and Base Metals Term Savings (Indexed term savings) – with Desjardins, but this GIC is now close
Maritime Life CI Harbour Seg Fund
Maritime Life Fidelity True North Seg Fund
CIBC Monthly Income Fund



Proof that it's very difficult to find very good investments.

I plan to invest in the Fonds Desjardins Fidelity Frontière Nord for my next coming RRSP.


Monday, September 24, 2007

About my RBC Global Resources Fund

On August 31, 2007, I invest 1 000$ in the RBC Global Resources Fund. Back then, we were still in the credit crisis and I wasn't sure if it was a good time to invest. I listen to my little voice and I invest a little 1 000$. It does appear to be one of the best decisions I have ever made.


On August 31, I buy a total of 28.39 units of the RBC Global Resources Fund at 35.2159$. That was in August 31, 2007.
Now, in date of September 24, 2007, I made a total of 65.39$ with the RBC Global Resources Fund.


I just like mutual funds and I just don't understand why people try to avoid so many fees when buying mutual fund and I don't understand the "couch potato" thing, when people buy e funds or try to buy funds having the lowest fees. Focus should be put on how much the manager is able to get from is fund and not the fees.


I have a good example I can take from my Fonds Desjardins Fidelity Frontière Nord. this is the first fund I buy, back in 2006 I believe. I buy each part at 13$ and something, and now each unit worth 17,966$. I have made 1291.95$. I made 291.95$ with the fund, in date of today. The fees might be more than 2% for the fund, but I have here a really good Fidelity fund, and my money is well protecting in here. Does my money would be doing as well in a lower cost fund? I don't think so.

I will aloud any manager to take as much as 3% of my money if they can give me a fund that will be able to take it if I can say whenever the "bourse" crash down. Because of my lack of knowledge in stocks, I prefer to buy mutual funds, feel secured about my money and pay high fees. The fees for the RBC Global Resources are 2.40% or 2.18%. And I really don't care.

Thank you Mr. Chris Beer.

[Chris Beer is the main manager of the RBC Global Resources Fund]

 

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