How to Buy a Mutual Fund
Mutual funds can usually be bought and sold at any time, and are available from asset-management firms, banks, credit unions and more.
Mutual funds are typically easy to buy and sell, don’t require a large investment and can be purchased through a regular plan for many types of accounts. For example, you can invest in mutual funds through registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs), tax-free savings accounts (TFSAs) and non-registered investment accounts.
There are different ways to invest in these accounts; you can do so through a one-time contribution, through a pre-authorized contribution plan (PAC), or defined contribution arrangement (DCA)
Why work with a financial advisor to buy a mutual fund?
There are so many different types of mutual funds that choosing which ones to invest in can be complicated. When investors choose not to work with a financial advisor, it’s up to them to research which funds best suit their goals and risk tolerance. They will also need to educate themselves about minimum investment amounts and fees associated with each fund, and then monitor the funds as needed.
Typically, a financial advisor will assess your tolerance for risk, time horizon and financial goals. The advisor will then use this information to help you create a financial plan. They will also talk to you about minimum investments and provide information about mutual fund fees.
Typically, a financial advisor will assess your tolerance for risk, time horizon and financial goals. The advisor will then use this information to help you create a financial plan. They will also talk to you about minimum investments and provide information about mutual fund fees.
To buy any Starlight mutual funds, speak to your financial advisor or call Starlight Client Services at
1-833-752-4683.
1-833-752-4683.
Additional Information
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