Mutual funds are open-end investment companies that use a pool of many investors’ money to buy shares of different investments. They can be an effective way for the average investor to build a diverse portfolio. Although these funds come with fees, taxes, and, in the case of load funds, commissions, an investor still has the potential to achieve positive returns and beat inflation. This 4-page fact sheet was written by Lisa Leslie and Michael S. Gutter, and published by the UF Department of Family Youth and Community Sciences, February 2013.
http://edis.ifas.ufl.edu/fy1351
Tag: Investing
Individual Retirement Accounts (FCS5258/FY642)
An individual retirement account (IRA) is a good tool to build retirement funds. This type of account has been offered since 1974 and comes with special tax advantages. An IRA can be opened through a financial institution such as a bank, credit union, mutual fund company, or brokerage firm. Learn more in this 4-page fact sheet written by Rachel Dorman, Lisa M. Leslie, Michael S. Gutter, Martie Gillen, and Josephine Turner, and published by the UF Department of Family Youth and Community Sciences, April 2012.
http://edis.ifas.ufl.edu/fy642