These services, unlike investment magazines, do not collect advertising revenue from mutual fund companies and are unbiased in their evaluation of mutual funds. You may also make use of the advice of a Financial Consultant . It is usually wise to seek advice from a consultant who does not work for a mutual fund company, bank insurance company, or investment firm who carries their own mutual funds because the consultant may be biased toward their own products and services. Contact us today. Mutual funds are not guaranteed against investment loss, therefore you can lose money when investing in them.
Mutual funds are as risky as the investments that they hold.
If you are risk adverse you may wish to consider a fund which invests in bonds versus stocks because there is usually less volatility in such funds. Also, you can lower risk by selecting a group of funds whose investing styles complement each other. All funds have internal expenses and fees which are built into the fund and charged on an annual basis. Many funds have additional charges such as loads and 12b-1 fees which are used to pay for advertising and commissions of salespersons and representatives. If you buy a no-load fund you do not need to pay an additional fee to buy or sell the fund anytime.