Wednesday, 12 June 2019

OsteoBank is creating the best mutual fund for Osteopaths

Our team at the Osteopathy Bank of Commerce & Investment (the OsteoBank) is working on creating a mutual fund that let's you keep most of your profit. OsteoBank mutual fund will do trading in a jurisdiction that does not have capital gain tax, and the management fee will be under 1%.
Most mutual funds are bad for you as up to 70% of the generated profits are taken from you in the form of expenses.

I always recommend to my students not to invest in actively managed mutual funds. These funds buy and sell stocks 100s of times per day and this causes the fund to pay capital gain tax, if the Fund is located in a country that charges capital gain tax on investment profits. Additionally most mutual funds charge on average 2 to 3% of the value of the fund as management fees no matter if the fund generate income or not!

Mutual fund is a billion dollar industry without much transparency. Most people are not aware that up to 70% of their investment profit is taken away from them even before they cash the mutual fund!

My goal has always been to offer unique innovative services and products that change the system and the world for better. This revolutionary mutual fund that is being created by OsteoBank is set to offer an ethical alternative to mutual fund investing. I do hope more banks and financial companies follow this trend by starting to offer products that have lower costs. Charging customers up to 70% of profit as expenses is simply not right!

Dr Shawn Pourgol, MBA, DC, DO, PhD
Minister of Education for the Southern Cherokee Nation
President of OsteoBank, NAO, NUMSS, OCPCC, CUOMP, OTV

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