Did you know that mutual funds fall into two categories: load and no-load. With a load fund, you pay a sales charge up front, as much as 8.5%.
Suppose you invest in a fund with a 5% front-load. For every $1,000 you put in, only $950 actually goes to work on your behalf. The other $50 goes to the broker who sold you the fund. If you need to rely on a broker’s advice, you’ll wind up paying a sales load.
– Do your own investment research and choose your own mutual funds
Then, you can buy no-load funds and have all of your money working for you. In effect, you pay the sales commission to yourself. Moreover, if you do your own research, you’re likely to wind up with the funds you really want to own, rather than the funds somebody sells to you.
Because the mutual fund industry is so large, a sub-industry has grown up, just to track performance. Virtually every major business publication regularly carries performance comparisons that can help investors pick no-load funds and save up to 8.5% in sales commissions.
Engage with us today to learn more about no-load mutual funds; we’ve got the answers for you!
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