Mutual_Fund_1_2.10.key

Mutual_Fund_1_2.10.key - Every day I get up and look...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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!
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
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” 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. • B = Back end load. Highest costs, not
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/24/2010 for the course FCE 238 taught by Professor Boyce during the Spring '07 term at Michigan State University.

Page1 / 4

Mutual_Fund_1_2.10.key - Every day I get up and look...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online