Don’t Buy Mutual Funds, Buy the Company!
In one of his books Derek Foster has a wonderful quote. He says “Don’t buy the bank’s products, buy the banks!” Well the same can be said for Mutual Fund companies as well. The sad fact is that buying a mutual fund is far less profitable, than actually buying the company that provides the fund. I’m excluding Bond and MMKT Funds in my example. I’m also exluding high-risk sector funds – a lot of people lose money on those. I’m sure there are other exceptions, but lets look at one of my recently purchased holdings AGF.B ~ AGF Management. Back …