Cary Leung's Schools

• UVIC Bachelors BA Education

Cary Leung's Publications

• An Introduction to Mutual Funds, Cary Leung June, 2011 Cary Leung Sun Life Over the last couple of decades, mutual funds have become one of the most popular ways for people to invest since this approach frees individuals from the responsibility of following the market and making daily investment decisions. In basic terms, a mutual fund operates almost like an investment company, with the fund’s managers purchasing stocks, bonds, and other securities. Individuals buy shares of the mutual fund and each share represents a certain percentage of the fund’s entire holdings. Those who invest in mutual funds benefit in three distinct ways. First, most funds pay distributions over the course of a year for dividends and interest that the holdings earn. Second, the fund’s managers split capital gains, earned from selling securities, among investors. Third, if holdings increase in price, the fund’s shares rise in value. Investors may then sell their fund shares for a profit. Depending on the mutual fund, investors may opt to reinvest money into additional shares instead of receiving cash during disbursement periods. When individuals invest in mutual funds, a professional oversees the investment portfolio, controlling where that money gets invested. The fund manager often diversifies the holdings, which may prove difficult for a less experienced individual investor, or one who lacks significant spare capital. Diversification safeguards an investor against some degree of risk. Ideally, when one investment loses value, others gain to offset the loss. Most large mutual funds include investments across several different industries. Depending on where the mutual fund is held, investors may convert their shares into cash, granting them liquidity. Many choose a mutual fund over other forms of investment primarily because of simplicity. Those who purchase shares of a mutual fund, however, have no control over the securities purchased by the fund’s managers. Investors should also clearly understand the fees related to a mutual fund before purchasing shares. The fees vary by fund and can affect returns, so individuals need to comprehend their obligations. Also, mutual fund managers may sometimes diversify the holdings too much, diluting the returns from the most successful investments. Such dilution often happens after a successful period, when a wave of new investors wishes to buy shares. Individuals should also investigate the tax implications of mutual funds and where to hold them, then plan accordingly to avoid any unwelcome surprises.

• The Benefits of Choosing a Personal Life Insurance Plan Instead of a Mortgage Life Insurance Policy, Cary Leung August, 2011 Since 2000, Cary Leung has served Sun Life Financial as an advisor who works with a diverse set of clientele in need of financial and health products. With expertise in services like pensions and group insurance, Cary Leung maintains a commitment to helping his clients reach their future financial goals and organize plans for uncontrollable events. In helping clients choose a life insurance policy that fits their needs, Cary Leung and his fellow advisors at Sun Life look at each individual’s complete financial history to determine what path will be most beneficial. After a client has defined his or her needs for a life insurance policy, the choice comes down to what kind of program the individual wants to participate in. There are many different types of insurance policies; this article will survey the defining qualities of mortgage life insurance and personal life insurance. When an individual chooses a mortgage life insurance policy, the mortgagor of the loan owns the policy and acts as the beneficiary. The amount of the policy’s worth must meet the exact amount of the mortgage, and insurance coverage ends when the mortgage is paid in full. This coverage, which is not translatable to a permanent life insurance policy, decreases as the balance of the mortgage is reduced, while the outstanding value of the mortgage is paid off after the death of the insured individual. Consequently, those who choose personal life insurance policies can exercise a little more freedom in setting forth the terms of their financial program. A personal life insurance policy allows individuals to choose their beneficiary, level of insurance, and coverage levels over the life of the policy, while the insured client owns the policy. Even after a mortgage is paid off, a personal life insurance policy retains its coverage levels and allows the individual to change lenders. These types of policies also protect individuals from losing coverage because of ill health. For more information about what type of life insurance policy is right for you and your family, call the Sun Life Financial office at 1-877-786-5433.

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