We recommend to our clients that they invest
in such mutual funds in accordance with their chosen asset allocation plan and policies developed in consultation with us.
Among the
places such mutual funds are invested will include things such as commercial paper, certificates of deposit, government securities and also any other highly fluid securities with low risk...
Most of those wise in the ways of the financial world know that they do not have to track the money invested in
such mutual funds as a 401K or an Individual Retirement Account (IRA).
Although these expenses are not deducted from an Investment Portfolio's assets, each Investment Portfolio (other than the Principal Plus Interest Portfolio, which does not invest in mutual funds) indirectly bears its pro rata share of the expenses of the mutual funds in which it invests as these expenses
reduce such mutual fund's return.
Typically, mutual funds that track an index such as the S&P 500 Index have lower costs (annual expense fees) than actively managed funds, and most investment companies
offer such mutual funds, with Fidelity, Vanguard, Schwab, to name a few, having very low expenses even among index funds.
Those who
use such a mutual fund calculator can be rest assured that the figures generated by this calculator are almost likely to be the same as the returns that they will make when investing a specific amount of money in the Reliance Tax Saver Plan.
One
such mutual fund that has stood the test of time is the Columbia Seligman Communications and Information Fund.
Such mutual funds will have received a ranking on that system, which places them in the top 20 % of the groups.
Such mutual funds are called growth mutual funds.