Require Some Study
Radio Transcript, 60 seconds, for use during week
of Nov. 26.
This is an Invest Wisely minute brought to you by Iowa State
When you invest in a mutual fund you pay for someone else’s
expertise and that means annual management fees.
In addition there may be other fees such as up-front sales fees
or fees when you sell your shares.
However, there are no-load funds. That means you pay no
sales fee. So shop for no-load funds and also evaluate
the fund’s expense ratio. This is the percentage
of the fund’s net assets that go to annual operating expenses.
Use a mutual fund calculator. You can get this on the web at www.sec.gov by
clicking on investor information.
Compare all the costs of owning mutual funds before you
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.