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Mutual Fund Basics
Mutual Funds are a group of investments administered by a manager who is hired by a group of people with similar investment goals. They are available in both open and closed end funds.Closed End Mutual Funds Issue a set number of shares. The price of the shares fluctuates daily depending on the value of the securities and the market psychology. Open End Mutual Funds Have an unlimited number of shares and the daily price is determined by the total value of the securities divided by the number of shares. T.Rowe Price, Fidelity and Vanguard sell open-end funds. Types of Mutual Funds
Advantage / Disadvantage of Mutual Funds
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