By Marylou Morano Kjelle
The advanced global of making an investment in mutual cash is simplified for contemporary teenager. From what mutual money are to how they're suffering from monetary adjustments is specific with functional examples from the teen's global.
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Extra info for A Teen Guide to Buying Mutual Funds
They can be very helpful, but be sure you know how they will be paid. Some will charge a flat or hourly fee, while others only make money (or a commission) when they sell various investments. While it may seem more expensive to pay a flat fee, some experts warn against using commission-based advisors, because they could sell products that make them more money instead of the investments that are best for their clients. indd 28 5/16/13 9:52 AM Types of Mutual Funds like the S&P 500 or the Dow Jones Industrial Average (DJIA), making them riskier investments.
What is the objective or goal of the mutual fund? This section tells a prospective investor what the mutual fund hopes to accomplish, and whether it is a growth fund which should be kept for years, or a short-term, income-producing fund. What investment strategies does the fund use? What type of securities does the mutual fund invest in? As a possible investor, you will want to know not only the type of securities the mutual fund presently invests in, but also the economic sector the securities belong to.
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A Teen Guide to Buying Mutual Funds by Marylou Morano Kjelle