--- title: "Meaning & Key Takeaway of: Affected hundreds of thousands of…" description: "\"Affected hundreds of thousands of ordinary Canadians who have invested in mutual funds that invest in income trusts.\" — Ralph Goodale" image: "https://sms4smile.com/quotes/i/d23/ralph-goodale-73049_affected_affected-hundreds-of-thousands-of-ordina_2355288.png" --- # Affected hundreds of thousands of ordinary Canadians who… ![“Affected hundreds of thousands of ordinary Canadians who have invested in mutual funds that invest in income trusts.” quote by Ralph Goodale](https://sms4smile.com/quotes/i/d23/ralph-goodale-73049_affected_affected-hundreds-of-thousands-of-ordina_2355288.png) [Download](https://sms4smile.com/quotes/i/d23/ralph-goodale-73049_affected_affected-hundreds-of-thousands-of-ordina_2355288.png) [Open image](https://sms4smile.com/quotes/i/d23/ralph-goodale-73049_affected_affected-hundreds-of-thousands-of-ordina_2355288.png) > “Affected hundreds of thousands of ordinary Canadians who have invested in mutual funds that invest in income trusts.” [Ralph Goodale](https://sms4smile.com/quotes/author/ralph-goodale/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investors were harmed when mutual funds channeled money into risky income trusts without clear disclosure. **In simple terms:** Investors lost money due to opaque fund choices. Key Takeaway Demand transparency in fund investments. Themes finance trust investor protection regulation Mood concerned analytical Type financial political When to use this quote - investment advisory - policy reform - financial education - risk assessment Key Concepts risk management financial ethics market transparency Questions to Reflect On - What safeguards protect investors from hidden risks? - How can transparency be balanced with fund performance? A Different Perspective Regulation may limit fund flexibility; market dynamics are complex. ★ ★ ★ ★ ★ No ratings yet [Affected](https://sms4smile.com/quotes/about/affected/) [Affected Hundreds](https://sms4smile.com/quotes/about/affected-hundreds-5748854/) [Canadians Invested](https://sms4smile.com/quotes/about/canadians-invested-5748852/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fund](https://sms4smile.com/quotes/about/fund/) [Funds Invest](https://sms4smile.com/quotes/about/funds-invest-5748855/) [Income](https://sms4smile.com/quotes/about/income/) [Income Trusts](https://sms4smile.com/quotes/about/income-trusts-5748853/) [Mutual](https://sms4smile.com/quotes/about/mutual/) [Mutual fund](https://sms4smile.com/quotes/about/mutual-fund/) [Mutual funds](https://sms4smile.com/quotes/about/mutual-funds/) [Ordinary](https://sms4smile.com/quotes/about/ordinary/) [Trust](https://sms4smile.com/quotes/about/trust/) ## Related quotes > [If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-don-t-like-the-idea-that-most-of-the-money-spent-on-lottery/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [We need a federal government commission to study the way our financial services system is working - I believe it is working badly -…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-federal-government-commission-to-study-the-way-our/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.](https://sms4smile.com/quotes/anonymous/mutual-funds-were-created-to-make-investing-easy-so-consumers-wouldn/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Move your personal investments and retirement funds to socially responsible investment (SRI) funds that support only those corporations that uphold higher standards of behavior.…](https://sms4smile.com/quotes/simon-mainwaring/move-your-personal-investments-and-retirement-funds-to-socially/) [Simon Mainwaring](https://sms4smile.com/quotes/author/simon-mainwaring/) > [Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds](https://sms4smile.com/quotes/michael-steinhardt/brokerage-firms-don-t-sell-customers-stock-so-much-as-they-sell-those/) [Michael Steinhardt](https://sms4smile.com/quotes/author/michael-steinhardt/) > [To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.](https://sms4smile.com/quotes/suze-orman/to-make-the-most-of-your-money-i-recommend-sticking-with-mutual-funds/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.](https://sms4smile.com/quotes/peter-lynch/if-you-have-the-stomach-for-stocks-but-neither-the-time-nor-the/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up…](https://sms4smile.com/quotes/richard-thaler/rip-van-winkle-would-be-the-ideal-stock-market-investor-rip-could/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a…](https://sms4smile.com/quotes/sallie-krawcheck/women-tend-to-have-a-better-track-record-in-investing-when-they/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist…](https://sms4smile.com/quotes/jim-cramer/there-are-tons-of-people-who-are-late-to-trends-by-nature-and-adopt-a/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market…](https://sms4smile.com/quotes/peter-lynch/in-the-long-run-a-portfolio-of-well-chosen-stocks-and-or-equity/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional…](https://sms4smile.com/quotes/john-c-bogle/our-capitalistic-scheme-in-the-latter-years-of-the-20th-century-seems/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“Simply switching to home-brewed coffee will save you an average of $64.48 per month (or $2 per day) or $773.80 per year. By putting…](https://sms4smile.com/quotes/benjamin-p-hardy/simply-switching-to-home-brewed-coffee-will-save-you-an-average-of-64/) [Benjamin P. Hardy](https://sms4smile.com/quotes/author/benjamin-p-hardy/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a…](https://sms4smile.com/quotes/john-c-bogle/the-general-systems-of-money-management-today-require-people-to-2/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## More by Ralph Goodale > [Higher projected corporate and personal income tax receipts and lower public debt charges.](https://sms4smile.com/quotes/ralph-goodale/higher-projected-corporate-and-personal-income-tax-receipts-and-lower/) [Ralph Goodale](https://sms4smile.com/quotes/author/ralph-goodale/) > [If the time is available for a budget, I will no doubt make use of that time.](https://sms4smile.com/quotes/ralph-goodale/if-the-time-is-available-for-a-budget-i-will-no-doubt-make-use-of/) [Ralph Goodale](https://sms4smile.com/quotes/author/ralph-goodale/) > [I have to be very aware of the increasing downside risks that threaten the overall global situation.](https://sms4smile.com/quotes/ralph-goodale/i-have-to-be-very-aware-of-the-increasing-downside-risks-that/) [Ralph Goodale](https://sms4smile.com/quotes/author/ralph-goodale/) [Explore all 4 Ralph Goodale quotes ](https://sms4smile.com/quotes/author/ralph-goodale/) ## More Affected quotes > [To tell you the truth I am hard put to think of anyone who's career was affected significantly by making all those phone calls…](https://sms4smile.com/quotes/dabney-coleman/to-tell-you-the-truth-i-am-hard-put-to-think-of-anyone-who-s-career/) [Dabney Coleman](https://sms4smile.com/quotes/author/dabney-coleman/) > [First, climate change is the greatest long-term threat faced by humanity. 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Instead, show them that you are happy even without them.. To put a sad face on your…](https://sms4smile.com/quotes/sharlene05/don-t-show-them-that-you-are-affected-instead-show-them-that-you-are/) [Sharlene05](https://sms4smile.com/quotes/author/sharlene05/) > [I wish we could go back to the time when the private lives of our public figures were relevant only if they directly affected…](https://sms4smile.com/quotes/doris-kearns-goodwin/i-wish-we-could-go-back-to-the-time-when-the-private-lives-of-our/) [Doris Kearns Goodwin](https://sms4smile.com/quotes/author/doris-kearns-goodwin/) > [Don't be intimidated by people who seem to be experts. Hear their points of view and get their judgements. But at the end of…](https://sms4smile.com/quotes/robert-dallek/don-t-be-intimidated-by-people-who-seem-to-be-experts-hear-their/) [Robert Dallek](https://sms4smile.com/quotes/author/robert-dallek/) > [Who what am I? My answer: I am the sum total of everything that went before me, of all I have been seen done,…](https://sms4smile.com/quotes/salman-rushdie/who-what-am-i-my-answer-i-am-the-sum-total-of-everything-that-went/) [Salman Rushdie](https://sms4smile.com/quotes/author/salman-rushdie/) > [I have wondered why is it that some people are less affected and torn by the verities of life and death that others.](https://sms4smile.com/quotes/john-steinbeck/i-have-wondered-why-is-it-that-some-people-are-less-affected-and-torn/) [John Steinbeck](https://sms4smile.com/quotes/author/john-steinbeck/) > [Then, the other thing that affected my interest in choices growing up was the fact that I was going blind and that meant that…](https://sms4smile.com/quotes/sheena-iyengar/then-the-other-thing-that-affected-my-interest-in-choices-growing-up/) [Sheena Iyengar](https://sms4smile.com/quotes/author/sheena-iyengar/) > [I don't think Wayne Rooney would be affected if you booed him, that's just how he is, but others go under. They really suffer…](https://sms4smile.com/quotes/frank-lampard/i-don-t-think-wayne-rooney-would-be-affected-if-you-booed-him-that-s/) [Frank Lampard](https://sms4smile.com/quotes/author/frank-lampard/) > [I'm not good at standing on platforms and persuading people to my political point of view. Nor would I seek to. 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