I’m feeling kind of dumb in the money sense department right now as I read this, so I hope someone who knows all about stocks and mutual funds can tell me that I’m not reading this correctly. From what I understand, it sounds like CNIB has sunk to a brand new low and is asking people if they’d like to hand over their investments to the CNIB so they can get some kind of tax break. And they’re not asking for part of it, it sounds like they’re asking for it all! But…but…but…isn’t the purpose of mutual funds and investments to save for retirement? Why would a charity ask for a big chunk of what is supposed to be someone’s retirement income? Are they really getting that desperate?
I hope I am thoroughly confused. I really hope I am. I hope someone reading this can explain this to me.