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What is a mutual fund?
A mutual fund is an investment company that makes investments on behalf of individuals or institutions with similar financial goals who have pooled their money.
What are the benefits of a mutual fund?
There are several reasons why mutual funds are an attractive investment for individual investors:
Because mutual funds hold a wide variety of securities, they are, by definition, diversified. A mutual fund can be diversified by:
- Type of security (for example: stocks or bonds)
A mutual fund is usually managed by an individual or team of individuals who choose the investments based on that fund’s objectives, which are stated in the prospectus.
Fund managers utilize their extensive knowledge and research of market conditions and individual companies to make investment decisions. A manager may adjust the portfolio mix based on changes in market conditions or a company’s performance to better achieve the fund’s stated objective.
In addition to diversification and the added benefit of having a full-time professional make the investment decisions, mutual funds offer convenience in several other ways. Mutual Funds:
- Have a low minimum investment amount
- Can be bought or sold on any business day
- Allow free exchanges of funds within the fund family
- Provide various objectives for almost any investment need
- Provide free automatic reinvestment of income dividends and capital gains
How Do I Know Which Mutual Fund(s) to Choose?
Determine your investment goals. When choosing a fund, the fund’s goals should match your own. Ask yourself the following questions:
- What am I saving for?
- What is my time frame?
- How much risk am I willing to take?
Identify your asset allocation needs.
Visit our investment pyramids to learn about the four stages of investing and our recommended portfolio weightings for each stage. This will help you identify the types of mutual funds that can help meet your investment objectives.
Research mutual fund companies.
With so many mutual funds available, it can be difficult to know which fund(s) to pick. That’s why at F1RST CHO1CE Investment Solutions, we focus on six preferred fund families, that share our same commitment to service, long-term investment objectives and long-term performance.
All investments, including mutual funds, carry a certain amount of risk. Meet with a F1RST CHO1CE financial advisor to discuss your investment needs and select the most appropriate mutual fund(s) to help meet those needs.
Our Preferred Families
- Dynamic Funds
- AGF Funds Management, Ltd.
- CI Investments
- Franklin Templeton Investments
- Invesco Trimark
- Mackenzie Financial Corporation
At F1RST CHO1CE Investment Solutions were passionate about sharing our knowledge, experience and unbiased opinions with families and individuals that are looking for a trusted advisor to help them with their Investment Planning options.
ANY QUESTIONS?…Contact a Licensed Investment Advisor today!