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Old 02-23-2021, 12:36 PM
rasbok rasbok is offline
 
Join Date: Nov 2007
Posts: 240
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100 percent it didn't disappear in a Mutual fund, stocks yes!
Maybe they are calling stocks a mutual fund? Or maybe the sons told there dad it was a mutual and they lost it on the stock market ?

I know some companies i invested in went bankrupt or got pulled off the market.


Quote:
Originally Posted by raab View Post
I think part of this story has been lost in translation. I find it hard to believe anyone would lose everything in a reputable mutual fund. Maybe 90%, but most banks will get out before they go to 0. I can entirely understand it if they invested on their own in individual stocks. Especially in Alberta where a lot of oil companies have disappeared.

Edit: Ken you should get the fund name, that way it's a warning to others not to invest with them.
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