Search
www.google.com
Benefits of Mutual Funds
Affordability
You don’t need lots of money to start investing in mutual funds. An initial investment of $100, or $25 per month, is all you need to start growing your money.
Diversification
By pooling investors' money, mutual funds can buy a variety of investments. This helps offset risk - if one investment performs poorly, your loss will be limited.
Earn More
Get the most out of your money - mutual funds aren't guaranteed, but they typically earn more than savings accounts or Term Deposits. Plus, they’re professionally managed.
Frequently asked questions
Yes, though the exact amount depends on the fund. Fees pay the cost of managing the fund. They’re included in the cost of the fund.
Yes. A Credential Asset Management Inc. advisor at BVCU can make recommendations based on your goals and risk profile, but you get the final say.
You can start with an initial investment as low as $100, or start by investing just $25 per month.
Mutual funds are generally higher-risk than savings accounts and GICs, which are principal protected and can have guaranteed returns. However, the risk varies depending on the type of fund. Also, the risk can be offset by the fact that funds often hold diverse investments. For example, if one investment, like stock in a particular company, performs poorly, the fund’s other investments can help balance it out.
Some mutual funds invest in particular industry sectors, and if the industry as a whole is struggling the fund would likely experience a loss. We can help you understand your risk profile and where your money is invested.
Contact your Credential Asset Management Inc. advisor at BVCU they can help you withdraw your money.
