Garth Turner: mulling mutual funds
But are mutual funds a good investment? In this CBC Radio clip, Turner cautiously admits that they've historically performed well. But he also warns that when buying mutual funds, you are essentially surrendering your right to make your own investment decisions.
• Garth Turner was born on March 14, 1949 in Woodstock, Ont.
• His carrer has involved numerous turns as a business journalist, broadcaster, author and politician. At the time of this 1986 interview he was business editor of The Toronto Sun.
• In 1988 he was elected Progressive Conservative member of Parliament for Halton-Peel, and became chairman of the consumer and corporate affairs committee.
• Turner ran for the party leadership in 1993 but placed fourth on the first
He was minister of national revenue in the brief Kim Campbell government, but lost his seat in the 1993 election when the PCs lost all but two seats.
• Turner returned to politics in 2006 and won a seat for Halton. But he was dismissed from the Conservative Party after criticising David Emerson's floor crossing to the Conservatives on his blog. He soon joined the Liberal Party at the invitation of leader Stéphane Dion.
• Turner lost his Halton seat in the 2008 election, where he was defeated by Conservative Lisa Raitt.
Program: Radio Noon
Broadcast Date: April 29, 1986
Guest(s): Garth Turner
Host: Harry Schatsky
Photo: Image of stock chart ©iStockphoto.com/Marlee90
Last updated: February 9, 2012
Page consulted on March 29, 2012
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