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Watch what is going on and listen to the experts: Watson continued from p.20 The next question is how do you apply what you learn? Yogi-ism No. 2 "When you come to a fork in the road, take it." If you currently own high-cost mutual funds, and you are aware it is not in your best interest to do so, what fork in the road will you take? The two options are: continue with the status quo, or be proactive and change based on the evidence. Assume you talk to a financial institution about a mutual fund recommendation. Be aware there is a potential conflict of interest because that firm is a financial retailer, and the objective of every retailer is to maximize their profits. If they sell a high-cost mutual fund, their profits will be high. If they sell you a fund that has much lower fees, their bottom line will suffer. If you were the head of the financial institution looking for high earnings, you would hope your staff would promote the higher-cost option. My observation is that these firms are doing a good job at attempting to maximize their profit, and that this practice inhibits investors from achieving their objective of having fairly-priced, well-performing investments. We said we would coach you on investment strategy, so here it is. If you want to be an All-Star in investing, watch what's going on and listen to the academic and independent firms' experts who have nothFor more news,visit insidehalton.com/oakville-on. `Like' the Oakville Beaver on Facebook. 21 | Thursday, October 8, 2015 | OAKVILLE BEAVER | www.insideHALTON.com ing to gain. Use that knowledge to best decide which fork in the road you should travel. To quote Yogi one more time: "You've got to be very careful if you don't know where you are going, because you might not get there." -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certified Financial Planner 34th Anniversary Celebration Fabulous $ 3 Course Meal Now thru October 31st 1715 Lakeshore Road West 34 905 822 5751 www.michaelsbackdoor.com EVERY edition now online @ insideHALTON.com/printeditions CONCRETE People love AtlasCare. Maybe a little too much. EXPOSED AGGREGATE (Pebble) · DRIVEWAYS · STEPS · FRENCH CURBS · WALKWAYS · PATIOS · GARAGE FLOORS Maybe it's our promises always kept, or our red carpet service that makes you feel like you're on one. Perhaps it's the respect we show for your home, and for your time by giving you a service window as small as one hour. Year after year we're the highest ranked heating and cooling service in the GTA. You and your home are all we care about. Although, the occasional cake is nice too. uality At Its Best! Call Fernando 905-844-5518 1-888-944-5518 www.concretetrimmings.com FREE ESTIMATES Call us today 905-829-1296 or visit AtlasCare.ca