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Email this11:03 am
July 1, 2015
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Would people be interested in having a small table available on the site showing monthly income fund returns like this one on the attached link:
9:23 pm
May 15, 2007
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Sorry, I missed approving this thread until now. Making this comment so it gets bumped to the top and others can give their opinions.
6:04 am
September 11, 2013
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Sure, it's appropriate for folks who like this site. Only proviso that comes to mind: I'm not too familiar with these funds but aren't some (all?) return rates deceiving in that part of the distribution is a return of capital? E.g. BMO's return is shown as almost 10% - ?! If I'm right, if some of the "return" is actually a refund of your own money I'd think it would be important that folks who come to this site be aware of that. I'm sure others have some more info about this than me.
6:58 am
November 22, 2013
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As this site is about high interest savings bank accounts let's keep it simple.
And why duplicate another site?
8:29 am
October 27, 2013
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I agree about keeping it simple and staying with the theme, i.e. high interest savings accounts and the issues with them, including peripheral issues. Monthly income funds are actually relatively complex balanced mutual funds with managed payouts. And as said by Bill, often containing ROC, and the higher the payout, the more ROC (on a long term basis). The quoted yields are distorted (misrepresentation in my opinion) because of that.
9:35 am
April 6, 2013
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I'm with AltaRed. I find such quoted "yields" to be deceptive. The "yield" suggest that's what the monthly income fund earns and consequently pays out. That is actually not the case.
The distribution from a monthly income funds is an arbitrary amount chosen more to sell the fund than anything else. The amount of the distribution does not reflect what the fund actually makes on its investments. Often, the distribution is more than the fund actually makes. Hence, the return of capital part of the distribution.
The Globe & Mail article Beware of funds that pay out more than they make provides a somber look into such products. In one case, the monthly income fund had cut its monthly distribution by 60%! 
I would not like to be someone who had bought that fund and intended to use the monthly distributions to pay my monthly living expenses.
9:55 pm
July 10, 2011
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Yep I think those are all active mutual funds..Rather etf income funds.
What we could use is comparison of money market funds and/or etfs..
Last I saw they yield less then most typical savings accounts..
It's still worth it I guess for some 1 looking to store cash in investment accounts perhaps.
10:09 am
October 27, 2013
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Yatti420 said
What we could use is comparison of money market funds and/or etfs..Last I saw they yield less then most typical savings accounts..
Money market (mutual) funds have terrible returns. HISA (sold as mutual funds via FundSERV code) mostly pay 1% these days, which is certainly better than most bank accounts. They are covered in many forums and blogs, e.g. CMF, FWF, Canadian Capitalist http://www.canadiancapitalist......t-brokers/
10:09 pm
July 10, 2011
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Exactly.. If I was looking to expand content here I'd money market fund list incl any etf cash (do we even have money market etfs?) I think money market "funds" can be tricky if they pick up bonds etc.. It's not straight cash (Cdn bank bonds in money markets etc).. Rates won't stay this low forever..
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