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  • 枫下家园 / 理财投资税务 / 关于购买mutual fund的几个问题 -david305(david305); 2002-1-26 {203} (#347805@0)
    我在www.tdcanadatrust.com 上看了些基金的资料,请教各位:

    1.如果每基金单位为10元,而该基金最小投资为1000元,是否意味着最少买一百个基金单位?
    2.每年的受益是指每基金单位的受益,还是每1000元投资的受益?

    谢谢
    • 1. Yes 2. 1000 -jeffrey815(Smartiecat); 2002-1-26 {370} (#347938@0)
      You made a distinct difference between mutual fund and stock in your question. In mutual fund, you buy it as a lump sum. Although each unit costs $10 bucks, and minimum investment is $1000, but you can buy 1005 which means 100.5 units. In stock, this is not allowed.

      So when calculating dividend in mutual fund, it's based on your dollar amount, not the unit amount.
      • Does that mean I don't have to care about the price of each unit? Then say if I buy 1000 unit at $10 each, the growing rate is 10%. How much they should pay me back after one year? -zhu(猪头，欲哭无泪); 2002-1-26 {79} (#348036@0)
        The unit price would grow like the stock price? Or the unit numbers is growing?
        • First Mutual Fund is not fixed. And the grow rate is not fix. It varies everyday. So you don't need to care about the price of each unit. Just tell them you wanna buy 1000 or 2000. -jeffrey815(Smartiecat); 2002-1-26 {919} (#348060@0)
          Then the bank or broker will use the amount to divide by the unit price to give you the unit. So the unit price will go up and down everyday and depends when you sell it, and you make money out of it based on the difference between the unit price you bought the funds, and the current unit price. In mutual fund, you can hold 0.5 or 0.1 units, which is different than stock. You have to keep this on mind. Thus you can buy something like 1000 or 3000 dollars regardless of the unit price. But the price of fund is still depends on the unit price.

          Then there comes dividend (with exception of few mutual funds which don't give dividends), some are annually, some are semi-annually, some are quarterly. And they normally give you dividend as a form of more units. Suppose on the dividend day, the unit price is 10, and they calculated that you get $400 as dividend, they just give you 40 units more in your porfolio.
        • Mutual fund is not like GIC where you get a fixed interest rate. Mutual Fund works exactly like stock, with certain restrictions and exception. One of the exception is you can hold less than 1 unit. -jeffrey815(Smartiecat); 2002-1-26 {376} (#348064@0)
          With stock, you can't.

          So to answer your question, Yes, you need to care about the price of each unit. How much you get after one year depends on the dividend you get, and the unit price difference between the time you bought it and the current market price. Yes, the unit price would grow like the stock price. Yes, if you get dividends, the unit numbers is also growing.
          • Thanks a lot! Another question is that if I keep this fund for only 3 months and don't want till it gives the divident, I can't get anything from them, right? -zhu(猪头，欲哭无泪); 2002-1-26 {251} (#348072@0)
            And I read the latest Maclean's about the ranking of mutual funds. They are talking about the growing rate, say 20% or 30%. Does that mean the unit price goes up that much in one year? Or that means they give the dividend for the percentage you earn?
            • That means combining dividend and the increase in unit price, they grow 20% to 30%. -jeffrey815(Smartiecat); 2002-1-26 {558} (#348080@0)
              Okay. About your dividend question, it works exactly like stock market as well.

              Suppose it gives out dividend quarterly, and suppose next dividend will be paid in April 5, 2002. And it requires you to hold the mutual fund on March 15 in order to get the dividend.

              So if you buy the fund in March 14 and hold it to April 5, you will get dividends for this whole quarter. If you buy the fund in January 1, and sell it at March 14, that means you won't get any dividends.

              There is a specific technical term for the date March 15, but I forgot, sorry.
              • Can I call you mutual funds guru? Really appreciate! Any fund in mind to recommend? Hehe. Asking too much, right? -zhu(猪头，欲哭无泪); 2002-1-26 (#348085@0)
                • Sorry....man, I haven't touched mutual fund for 18 months........ -jeffrey815(Smartiecat); 2002-1-26 {171} (#348090@0)
                  I learnt all this 18 months ago and investment 9000 in mutual fund and stock, guess how much is left after 9.11 and the stock market crashed? 3000. Have no more money!!!!!
                  • 同情同情! 会涨上去的. -zhu(猪头，欲哭无泪); 2002-1-26 (#348114@0)
                • I can answer you any question. Just send email to mainlandhome@yahoo.com -mainlandhome(mainlandhome); 2002-1-26 (#348422@0)
              • Also If you buy the fund in January 1, and sell it at April 4, that means you won't get any dividends. -jeffrey815(Smartiecat); 2002-1-26 (#348096@0)
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