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Mutual funds are one of the most popular investment tools in the United States and it is estimated that almost half of American households invest in mutual funds. A mutual fund is a collection of stocks and bonds that are managed by a professional, full-time money manager. Investors can purchase mutual funds for a small price (often a minimum investment is as little as $100) and they will, in effect, own a portion of the holdings in a larger fund. Many investors will also own shares in the fund which will include stocks, bonds and other securities.
By owning shares in a mutual fund, your financial risk may be minimized because your
investment is diversified with investments in a large number of assets. Most mutual
funds own hundreds of different stocks in many different industries. Earnings from
mutual funds can either be received as a check or reinvested to receive more shares
in the fund. The money in a mutual fund can often be converted into cash at any time
with little penalty.
Before investing, carefully consider the investment objectives, risks, charges and
expenses of the mutual funds as well as their investment options. This and other
information is contained in the prospectus, which you should read carefully before
investing. Prospectuses are available from your registered representative. Mutual
Funds are subject to market risk. Your principal value may decline.
Call 419-475-8665 or fill out our on-line request form for more information or to schedule an exploratory appointment with our experienced professionals at Savage & Associates.
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