Question : Is it hard to start your own mutual fund?
Being 23 yrs. old and relatively new to the world of financial markets, I of course am not presumptous enough as to think I am ready to start the next Vanguard chain of mutual funds.But with such a passion for stocks, it certainly seems a possibility I might consider pursuing someday.What exactly are the main steps in putting together a mutual fund (including federal regulations, advertising techniques, and the chances of 1 new mutual fund getting noticed in a sea of over 40,000 existing ones)?Thanks for your help!
- asked by Matt Humberto
All Answers:
Answer #1
look at interest rates, performance over the lastcouple yrs.the vision of the company. also u wouldwant a mix of short,medium and long terminvesting.see which company offer all with easymanagement
- answered by John D
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measure and fulfill your financial needs
