By Marylou Morano Kjelle
The advanced international of making an investment in mutual cash is simplified for latest youngster. From what mutual cash are to how they're suffering from fiscal alterations is exact with useful examples from the teen's global.
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Extra resources for A Teen Guide to Buying Mutual Funds
S. 75% Van R. 55% Brian Howell, James Platz, Robert Gahagan Fidelity T. 76% Larry J. 72% David R. 68% Brian C. 51% Konstantine B. 51% David A. 94% Eric L. Veiel Chairman of Investment Advisory Committee * This is not a recommendation to purchase. It is a place you can start your research for your own portfolio. indd 43 5/16/13 9:53 AM Further Reading Carroll, Adam, and Chad Carden. Winning The Money Game: A Rule Book to Achieving Financial Success for Young People. Clive, Iowa: National Financial Educators, 2006.
While it is possible to purchase a no-load mutual fund, all funds have some expenses that are passed on to their investors. The fund manager is paid for administering the fund. Other expenses are business related, like printing fund literature and mailing it, and paying for legal advice, if needed. These expenses are taken out of the investors’ profits. The higher the expenses, the less profit investors make. Since hundreds or thousands of people may be invested in the same mutual fund, all expenses are divided among all the people who own the fund.
Barrickman, CFA, Principal of Vanguard and head of Vanguard’s Bond Index Group. 25% John C. Keogh, Wellington Management Company Edward P. Bousa, CFA, Senior Vice President and Equity Portfolio Manager of Wellington Management. John C. Keogh, Senior Vice President and Fixed Income Portfolio Manager of Wellington Management. 95% Michael P. S. 75% Van R. 55% Brian Howell, James Platz, Robert Gahagan Fidelity T. 76% Larry J. 72% David R. 68% Brian C. 51% Konstantine B. 51% David A. 94% Eric L. Veiel Chairman of Investment Advisory Committee * This is not a recommendation to purchase.
A Teen Guide to Buying Mutual Funds by Marylou Morano Kjelle