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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