Mutual_Fund_1_2.10.key - Every day I get up and look through the Forbes list of the richest people in America If Im not there I go to work Robert Orben

Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work. Robert Orben, Comedy Writer Two elevators: Which would you choose? • Mutual Funds What is a Mutual Fund? How do they work? Fees: internal and external Styles of Mutual Funds Allocation Mix Prospectus Rating of Funds Why Mutual Funds? Dollar Cost Averaging New Developments – ETF’s Mutual Fund • A shared investment. • It offers low cost access to a high quality money manager. Advantages • 1. Professional money management • 2. Diversification • 3. Flexibility of risk level - YOU choose!

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What are the fees? 1. Inside the fund Money manager’s fee 12b-1 Advertising and Marketing fee Expense Ratio What are the fees? Front End Load “A” shares Back End Load “B’ shares Level Load “C” shares NO Load?? 2. Outside the fund - Commissions: Types of load by their use: • A = Front end load. “Best” for the long term. Subtracted from original investment.