By Marylou Morano Kjelle
The complicated global of making an investment in mutual cash is simplified for cutting-edge teenager. From what mutual cash are to how they're laid low with monetary adjustments is targeted with useful examples from the teen's international.
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Additional resources for A Teen Guide to Buying Mutual Funds
CNN Money. htm Gremillion, Lee L. Mutual Fund Industry Handbook: A Comprehensive Guide for Investment Professionals. Hoboken, New Jersey: John Wiley & Sons, 2005. ” Investopedia, 2012. investopedia. ” Investopedia, September 10, 2010. com/articles/mutualfund/04/081104. asp#axzz2CdW2GEsM Kansas, Dave. ” The Wall Street Journal. com/ personal-finance/investing/what-is-a-bond MarksJarvis, Gail. ” Financial Times, September 21, 2007. p=707401 Mintzer, Rich, and Barry Littmann. The Everything Mutual Funds Book: How to Pick, Buy, and Sell Mutual Funds and Watch Your Money Grow!
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. Radden, Viki. The Money Tree: The Young People’s Illustrated Guide to Saving, Banking, and Investing.
Depending on your tax bracket, you could actually end up earning less money, not more, when you invest in a tax-free mutual fund. There are some expenses involved in purchasing any mutual fund. 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.
A Teen Guide to Buying Mutual Funds by Marylou Morano Kjelle