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11 Moments of Truth
These moments come when a customer or client… 1. Hears someone else praise you or your work. 2. Likes your physical presentation (appearance, voice, and smile). 3. Is touched intellectually and emotionally by what you say. 4....
Book Summary: Mind Your Own Business
This article is based on the following book: Mind Your Own Business A Maverick’s Guide to Business, Leadership and Life By Sidney Harman Doubleday & Company, Inc., 2003 ISBN 0-385-50959-6 208 pages A maverick is an independent person who will...
CRACKING THE BILLABLE HOURS CEILING
How many of you made as much money as you wanted to last year? Don't be shy; raise your hands. Hmm, I don't see too many hands out there. What would you say is the cause of this gap between your goals and your earnings? While you could certainly...
Six Steps To Becoming A Powerful Public Speaker
Public speaking ranks right up there in terms of the things we
are afraid to do. Whether it's the fear of being watched closely
by others, or the insecurity and self-conscious feeling of
slipping up during the presentation, these six tips will...
Small Business Q & A: Business Lessons Learned At The Mall
Normally in this column I dispense highly-intelligent small business advice in response to thought-provoking questions submitted by future and fellow entrepreneurs. This week, however, I have a couple of questions for myself, one of which makes...
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Mutual Fund Expense Lies
MUTUAL FUND EXPENSE LIES
When purchasing mutual funds we are cautioned
to read the prospectus, look at past
performance, check out the fund manager’s record
and see what their expense ratios have been.
We are also told that we should not buy funds
with expenses exceeding 1% to 1.5%. When you ask
the fund salesman (don’t forget he’s a salesman)
he will assure you that the fund expenses are
whatever is shown in the prospectus. He is
telling you the truth, but not the whole truth,
according the Securities and Exchange
regulations. In many cases he has left out a big
chuck of expenses.
The 1.5% expense means you are paying $150 each
year of every $10,000 you have invested with
that fund. The lower the expense is the more of
your money is at work. As a fund becomes larger
meaning they take in more money the expense
ratio should drop, but it rarely does.he fund
manager must make 1.5% to have your money stay
even.
If you can find your way around the Securities
and Exchange Commission internet web site you
will find that the definition of expense ratio
leaves out commission charges. Many funds will
turn over their portfolio by 100% in a year.
Obviously they are not going to buy and sell at
no charge. The floor broker must be paid a
commission for each share that is executed.
Sometimes brokerage fees are purposely inflated
and the broker kicks back favors(they don’t call
it that) such as research information, free
computers and other favors. Been to the
Hampton’s or Hawaii for that all-expense weekend
seminar? Course not.
The SEC does not require that this commission
cost be
disclosed as an expense. Why? Their
answer is pure government hokum, “We exclude
brokerage costs because we have always excluded
brokerage costs”. This is the SEC that is
supposed to be the watchdog for the investor.
Leaving out this important fact will hide
another .25 to .50 cents or more in some cases
in expenses that you are paying for. When you
call the fund to ask if their brokerage
commissions are included the person to whom you
are speaking probably won’t understand and will
give you the standard answer that the number
shown in the Prospectus is correct. Getting a
true answer is like pulling an impacted wisdom
tooth. If you can get one.
Brokerage commissions are known to the penny
and could easily be included in the prospectus,
but these “soft dollars” as they are known are
not made public to the investors seem to
disappear.
Fund managers say these costs are insignificant
and that investors should look at the fund’s
performance. If they did that and really
understood what they were looking at they
probably wouldn’t buy 90% of the domestic stock
funds.
This is just another example of how the
investor has the wool pulled over his eyes and
another reason I find prospectuses worthless.
About the Author
Al Thomas' best selling book, "If It Doesn't
Go Up, Don't Buy It!" has helped thousands
of people make money and keep their profits with
his simple 2-step method. Read the first chapter
and receive his market letter for 3 months at
www.mutualfundmagic.com and discover why he's
the man that Wall Street does not want you to
know. Copyright 2005
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| How To Conquer Public Speaking Fear |
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| www.stresscure.com |
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| Allyn and Bacon Public Speaking Website |
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| wps.ablongman.com |
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| Presentation Tips for Public Speaking |
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| 10 Tips for Successful Public Speaking - Toastmasters International |
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| www.toastmasters.org |
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| Welcome to Toastmasters International where we are"Making ... |
| Non-profit organization developing public speaking and leadership skills through practice and feedback in local clubs since 1924. Members learn how to lead ... |
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| Strategies to Succeed in Public Speaking - School for Champions |
| Contents of online lessons to succeed in public speaking from the School for Champions. |
| www.school-for-champions.com |
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| Public Speaking Home Page |
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| Public speaking - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| UNIVERSITY OF TENNESSEE AT MARTIN COUNSELING AND CAREER SERVICES |
| Public speaking anxiety is very common among both college students and the general ... The most common form of Social Phobia is public speaking anxiety. ... |
| www.utm.edu |
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| Painless Public Speaking |
| At Painless Public Speaking we keep you up to date with what's new in the world of ... Painless Public Speaking is not about the theory but the "how-to" ... |
| www.publicspeaking.com.au |
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| Public Speaking from Uncommon Knowledge |
| Public speaking couldn’t be further from your mind and your manager tells you have to do a presentation to fifty colleagues next week. What’s your response? ... |
| www.uncommon-knowledge.co.uk |
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| Public Speaking Tips by Uncommon Knowledge |
| It’s possible for public speaking to be fun and hugely satisfying. Once you’ve enjoyed a presentation, or even part of it, your self confidence will get a ... |
| www.uncommon-knowledge.co.uk |
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| Public Speaking Skills from Mind Tools - Speaking Tips & Techniques |
| Learn to speak and present clearly and effectively. Improve your speaking skills with this Mind Tools guide to speaking effectively in public. |
| www.mindtools.com |
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| Public Speaking Information |
| Advanced Public Speaking Institute- -More than 120 mini articles on professional level ... Click here for additional articles on Public Speaking Information ... |
| www.selfgrowth.com |
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| Basic Public Speaking, 2nd Edition - The Teachers and Students ... |
| New public speaking text for middle and high school Language Arts, ESL teachers and students. Written by a trained counselor and experienced teacher. |
| www.capital.net |
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| public speaking tips - presentation skills tips, public speaking tips |
| presentation skills & public speaking monthly tips by Lenny Laskowski, Professional Speaker. |
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| Public Speaking - The Art of Speech Making |
| Public Speaking - Hints and tips on Public Speaking Skills, dealing with public speaking nerves and anxiety, public speaking skills and public speaking ... |
| www.impactfactory.com |
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| Advanced Public Speaking Institute |
| Public speaking articles, seminars, and educational materials. |
| www.public-speaking.org |
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| Public Speaking Training-Presentation Skills & Public Speaking courses |
| Public speaking training - Overcome your fear of public speaking with our presentation skills classes. We offer presentation skills training seminars, ... |
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