Nov 6th, 2006, 11:11 | 只看该作者 #21 | |
Senior Member
注册日期: Jul 2004
帖子: 2,760
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引用:
Every mutual fund charge this fee. This is what I talked about in my last post. About 2%, depends on what kind of mutural fund you invested. The reported price is after deduction of MER. So my report tells me the real value. Similar to an MER, those companies that sell RESP GROUP PLAN charge an Administration and Portfolio Management Fee annually. THey may charge a depository fee too. A Membership/Registeration fee of certain amount (maybe $100 or more), usually per unit, will be charged too. They say they will refund you when your child start to use the money, but you may never know how much you get refunded because everything including your earning, is in there. |
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Nov 18th, 2006, 16:24 | 只看该作者 #28 | |
散户
注册日期: Jul 2004
住址: 火星
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You are right
引用:
There are also a lot of people sell life insurance for commission. These are high commission business. |
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采菊东篱下,悠然见南山
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Feb 7th, 2007, 22:46 | 只看该作者 #39 |
Senior Member
注册日期: Aug 2004
帖子: 194
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Bought $2000 CST at 2002, then I bought my house at 2003, no money for RESP at that year, want to stop contributing, however the agent told me I can NOT stop and I have to buy $2000 every year, if I stop or withdraw, I will lose almost every dollar! So I decide to take $2000 lost rather than lose more later. Finally, they gave me back around $180. Then I went to TD, open RESP mutual fund account, so far so good, if you withdraw, all you need to do is return 1/6 (400/2000) to government, no further hiding fee. TIPS: they said they are non-profit org, WHY? The reason is they use most of the profit to pay their commission and operation fee, the org is NO profit! |
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