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Monthly Contributions The Building Block of a Secure Retirement The sooner you can begin to put aside money for your retirement, the better off you will be when it is time to retire. Even as little as $25 or $50 per month will start you on the road to financial freedom. Once you become comfortable with a monthly savings program it will be easy to increase your savings as your income grows. When you
purchase a mutual fund on a monthly basis you even out the cost of the units you buy over the year. Because unit values fluctuate, some days you will buy units at a high price while the following month you may buy units at a lower price. This
practice is called "dollar cost averaging" as is considered by many to be the most prudent way to invest in mutual funds. Mutual funds are offered through Credential Asset Management Inc.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Unless otherwise stated, mutual fund securities and
cash balances are not insured nor guaranteed, their values change
frequently and past performance may not be repeated. ®Credential
is a registered mark owned by Credential Financial Inc. and is used
under licence.
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Copyright © 2008 by Community Savings Credit Union. |
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