A mutual fund is a company that allows a group of investors to pool their money with a predetermined investment goal. The mutual fund invests the pooled money into specific securities. Each fund has a professional fund manager who is responsible for the fund’s investments.
By pooling money in a mutual fund, investors can buy stocks or bonds with lower trading costs than if they tried to do it on their own. One of the biggest advantages to mutual funds is diversification of your investment across many different types of investments, which reduces your risk.
Mutual funds are offered with a prospectus. Investors should consider the investment objectives, risks and charges and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. You can obtain a prospectus from your financial representative. Read the prospectus carefully before investing.
Call one of our senior financial consultants or 808-356-5199 to learn more about mutual funds.
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