Get A Teen Guide to Buying Mutual Funds PDF

By Marylou Morano Kjelle

The complicated international of making an investment in mutual money is simplified for modern day youngster. From what mutual cash are to how they're plagued by financial alterations is exact with sensible examples from the teen's global.

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Some require even less than this. A mutual fund meets many different types of investment needs. Whether an investor wants a short-term or long-term investment, a steady stream of income to use now, or a way to accumulate money for the future, there is a mutual fund to meet this need. Investing in mutual funds is relatively easy. Depending on the type of mutual fund you invest in, you can open up a fund account either by mail or online at the mutual fund company’s website. You can increase your investment by mailing additional checks or transferring money from an existing account.

If you don’t like the idea of risking your money, a safer investment, like an FDIC-insured savings account, may be for you. indd 30 5/16/13 9:52 AM Chapter 4 The Pros and Cons of MUTUAL FUNDS The best way to determine if investing in mutual funds is right for you is to look at the pros and cons of the investment. We’ll consider the advantages first, then look at the negative aspects of mutual funds. In Chapter Three, we saw that mutual funds differ in the type of securities they represent. One mutual fund may invest in only one type of security, like stocks or bonds, while another may invest in a combination of securities.

Earns Interest Commission is a government agency that protects investors by enforcing laws that regulate investments. run the fund, and how quickly securities are turned over (bought and sold). You don’t need a lot of money to invest in mutual funds. Most mutual funds have an investment minimum of between $500 and $1000. Some require even less than this. A mutual fund meets many different types of investment needs. Whether an investor wants a short-term or long-term investment, a steady stream of income to use now, or a way to accumulate money for the future, there is a mutual fund to meet this need.

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A Teen Guide to Buying Mutual Funds by Marylou Morano Kjelle


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