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.

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- Spring '07
- Boyce
- Index fund
-
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