Sentences with phrase «out of the mutual fund business»
A better headline might be: Whitebox Getting Out of Mutual Fund Business.
https://www.mutualfundobserver.com/ Not exact matches
The author, Fraser Smith, is a Vancouver - based financial planner, who devised the eponymous strategy to take advantage of the fact that while the interest paid on a mortgage for a personal residence is not tax - deductible, any interest on a loan taken out to make investments (in mutual funds or stocks or a private business) is deductible.
Like almost all his contemporaries, De Goey started out selling mutual funds with deferred sales charges, but later become one of the early adopters of the fee - based, no - commission business model.
He calls the mutual fund business «fat and flabby» and is out to actually do something about the sorry state of affairs with Steadyhand:
As it was, my buddy decided to follow through with cashing out the stock mutual funds in his retirement accounts (closed at the end of the business day on Monday), only to have the stock market roar back nearly 5 % the next day.
Investors have the right to redeem or switch out of an affected mutual fund class up to the close of business prior to the effective date of termination and will not be required to pay any redemption fees, sales charges or other fees associated with the class termination.
However, having worked for two firms which went out of business and after I was married and had my child, I found I had little time to spend on valuating individual stock purchases and moved to investing, via ACH and monthly, in low - expense mutual funds (Vanguard, Schwab, Fidelity, etc.).
If it's a stock or ETF that is easily market traded, the investor may be out for no more than literally mere seconds; for a mutual fund, the investor will generally be out for 1 day (as mutual fund companies may not know how to handle a buy and sell order that both arrive at the mutual fund on the same day at the close of business!).
If Vanguard went out of business, what would happen to an investor who owned Vanguard mutual funds?
Or their relationship is new, and the life company wants to send the mutual fund family as much new business as possible during the honeymoon phase, so they won't get buyer's remorse, and back out of their selling agreement.
Considering the variety of proposals floated recently to restrict money market mutual funds, one need not be paranoid to think that people at some government agencies really want to put MMFs out of business.
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