Comments on: Hate Mail To The Mutual Fund Dealers Association http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/ A personal finance blog written by Preet Banerjee Sat, 11 Feb 2012 16:22:10 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Canadian Personal Finance Blog » Blog Archive » ETFs are the Devils Work http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4072 Canadian Personal Finance Blog » Blog Archive » ETFs are the Devils Work Fri, 04 Sep 2009 06:07:17 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4072 [...] another Financial Demon Preet at WhereDoesAllMyMoneyGo has the audacity to write Hate Mail to the Mutual Fund Dealers Association, UNCLEAN I declare him (financially [...] [...] another Financial Demon Preet at WhereDoesAllMyMoneyGo has the audacity to write Hate Mail to the Mutual Fund Dealers Association, UNCLEAN I declare him (financially [...]

]]> By: Preet http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4071 Preet Wed, 02 Sep 2009 18:19:10 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4071 @Henry - I don't know how to answer that. I am only familiar with the product landscape and prevailing theories of today and up to about 5 years ago on a working basis. It's a different world now, and it would be hard to judge what advice one gives today (given what we know and what we have) versus back then (given what they knew at the time and what they had at the time). @Henry – I don’t know how to answer that. I am only familiar with the product landscape and prevailing theories of today and up to about 5 years ago on a working basis. It’s a different world now, and it would be hard to judge what advice one gives today (given what we know and what we have) versus back then (given what they knew at the time and what they had at the time).

]]> By: Henry http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4070 Henry Wed, 02 Sep 2009 17:40:21 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4070 Preet: Thank you for the clarification. Do you feel that the quality of "advice" that mutual fund investors received improved due to regulation? Preet: Thank you for the clarification.

Do you feel that the quality of “advice” that mutual fund investors received improved due to regulation?

]]> By: Preet http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4069 Preet Wed, 02 Sep 2009 13:38:22 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4069 @Henry - the message the writer of was a response in general to a change in the way mutual fund distribution was regulated (i.e. from close to no regulation to the start of regulation). @Henry – the message the writer of was a response in general to a change in the way mutual fund distribution was regulated (i.e. from close to no regulation to the start of regulation).

]]> By: Preet http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4068 Preet Wed, 02 Sep 2009 13:30:59 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4068 @Henry - the question is more philosophical. An MFDA licensed advisor is qualified to advise on mutual funds which are diversified portfolios. Some mutual funds are broad in scope, others are narrow. Beyond the fact that an ETF is listed on an exchange, what's the difference? If the differences are not large (which they are not), then perhaps they should be available to MFDA salespersons. That is the question at heart. Anyways, stay tuned for the answer - it's a moot point specifically because they are listed on an exchange. @Henry – the question is more philosophical. An MFDA licensed advisor is qualified to advise on mutual funds which are diversified portfolios. Some mutual funds are broad in scope, others are narrow. Beyond the fact that an ETF is listed on an exchange, what’s the difference? If the differences are not large (which they are not), then perhaps they should be available to MFDA salespersons. That is the question at heart. Anyways, stay tuned for the answer – it’s a moot point specifically because they are listed on an exchange.

]]> By: Henry http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4067 Henry Wed, 02 Sep 2009 13:21:46 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4067 I don't understand what the message the person is trying to get across. ETF is a "security", so by definition, the person needs Canadian Securities Course. The problem as I see it is that CSC is too expensive. The Series 7 exam, US equivalent of CSC, costs 150 USD vs CSC's 1000 CAD. CSC should cost no more than 300 CAD at best. I don’t understand what the message the person is trying to get across.

ETF is a “security”, so by definition, the person needs Canadian Securities Course. The problem as I see it is that CSC is too expensive. The Series 7 exam, US equivalent of CSC, costs 150 USD vs CSC’s 1000 CAD. CSC should cost no more than 300 CAD at best.

]]> By: Andres http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4066 Andres Wed, 02 Sep 2009 13:04:03 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4066 I started the day with a laugh Preet, thank you for the posting. I started the day with a laugh Preet, thank you for the posting.

]]> By: Hate Mail To The Mutual Fund Dealers Association … « Mutual Funds http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4065 Hate Mail To The Mutual Fund Dealers Association … « Mutual Funds Wed, 02 Sep 2009 08:20:58 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4065 [...] Read­ th­e o­­riginal­ h­ere: Ha­te­ M­a­il­ To­ The­ M­u­tu­a­l­ Fu&#... [...] [...] Read­ th­e o­­riginal­ h­ere: Ha­te­ M­a­il­ To­ The­ M­u­tu­a­l­ Fu&#… [...]

]]> By: » Hate Mail To The Mutual Fund Dealers Association … | The Best Mutual Funds http://wheredoesallmymoneygo.com/hate-mail-to-the-mutual-fund-dealers-association/#comment-4064 » Hate Mail To The Mutual Fund Dealers Association … | The Best Mutual Funds Wed, 02 Sep 2009 05:01:59 +0000 http://www.wheredoesallmymoneygo.com/?p=1231#comment-4064 [...] story here Preet Low Risk Investment — That Out Performs Stocks & Mutual Funds With [...] [...] story here Preet Low Risk Investment — That Out Performs Stocks & Mutual Funds With [...]

]]>