There are many types of mutual funds, yet all of these funds can be broken into two main groups. Most of the funds out there are open end funds. These are the typical managed mutual funds and index funds you’d find in a 401k or invest in through an IRA. Logically, the other group is closed end funds. Before you invest your money you should know how these funds work.
What is a Closed End Fund?
A closed end fund is a mix between a mutual fund and a stock. A closed end fund invests in a basket of assets just like any mutual fund does, but it trades on an exchange like a stock. Continue Reading…
Let’s face it, there are many mistakes investors make. Trying to single one out as the biggest, or worst mistake ever is tough. I’ve made my share over the years, including this one. What’s worse, this has played a consistent role in past bubbles and busts.
Finding the right mutual fund might seem like a never ending maze of possibilities. But it doesn’t have to be complicated. Here are some simple guidelines to help you choose a mutual fund that fits perfectly with your portfolio.