MINT is a low - cost, actively - managed fund that seeks higher current income than
the average money market mutual fund by holding a hodgepodge of high - quality and ultra-short term USD - denominated debt issued by domestic or foreign issuers.
Not exact matches
Since banks,
mutual funds, hedge
funds, pension
funds, and other institutions control more than 50 % of the
market's
average daily volume, the direction of the stock
market nearly always follows the institutional
money flow.
Yields show the
average seven - day yield for
money market mutual funds in the category.
But I am going to assume you are more sophisticated than that — you have
money in the stock
market through
mutual or index
funds, generally considered to
average an 8 % return.
The
average 5 - year Tax Cost Ratio of iShares ETFs and actively managed open - end
mutual funds available in the U.S. (excluding municipal bond and
money market funds) included in the comparison is 0.76 % and 1.46 %, respectively.
The
average yield on 7 - day retail
money market mutual funds is a paltry 0.05 %.
Every attempt I've made at analyzing
market timing indicates that you'd lose
money trying to do it, but 9.5 % is a little much, especially considering that the 9.5 % applied to the
average mutual fund investor rather than just the ones who attempted
market timing.
Millions of dollars are spent and made on selling and
marketing investment products like
mutual funds, but most of these activities aren't the least bit helpful to the
average Canadian who is slipping behind financially and stressed about
money.