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The Treasury Department announced Tuesday that it had provided about $386 million in investment capital to 23 local banks in an effort to make cash available to small businesses and consumers. RSS feeds and Feed widget on Feedzilla.com
No load mutual funds
If you want to know everything about no load mutual funds, then it is necessary to understand everything about load mutual funds. It is known that you will have to purchase the shares of the mutual fund company if you want to invest in it. The mutual fund company can sell its share through the second party. There will be some charge or the commission at the time of the purchasing of mutual fund share. This is called as a load mutual fund. If no charge or commission is charged, then it will be called as no load mutual funds. In case of the no load mutual funds, the mutual fund company directly distributes the share to you without charging you any commission or the charge. Let us take some example to understand the working of the no load mutual funds and compare it with load mutual funds workings. In case of no load mutual funds there will be no charge or commission. This means all the invested money starts working for you. Suppose that you buy $10.000 worth no load mutual funds shares, you invest and get $10,000 worth shares. If same amount of $10,000 is invested in the load mutual funds of say 5% commission, then you actually get mutual funds share worth $9500 only. Your $500 is NOT invested as mutual funds shares but is in expenses section. What happens if both types of mutual funds make 10% annual return? In case of load mutual funds you get $950 as the return making your total $10,450. In case of no load mutual funds you get $ 1000 return, making total $11,000 The load mutual funds are selling their shares through brokers or through people known as “registered representatives”. Many of these people are getting their commission up front, so they are more bothered about their total max turnover. They are not bothered about what happens to you after you have purchased the mutual funds shares. They have already got their commissions. If this is the condition then why do the load mutual funds exist? The answer is very simple. They offer more solid returns as compared to no load mutual funds. Whether to choose no load mutual funds or load mutual funds will be subject of full length analytical article and so we are not going in to details about it. The point is that the competition between the load mutual funds and no load mutual funds has given rise to many interesting combinations of these original concepts of mutual funds. Nowadays no load mutual funds are offered through discount houses like Fidelity, Schwab, and lot many others. You get unlimited choice of mutual funds at one place. You do not have to open separate accounts for each of your no load mutual funds. The no load mutual funds have introduced charges under different terms and load mutual funds have offered discounts on many charges, to remain in competition, so it is becoming more complex to distinguish between the two.
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Two new credit cards reward you with investment accounts, but are they worth it? RSS and News widget on Feedzilla.com
Travelers 4Q profit falls 25 pct on investments
CHARLOTTE, N.C. (AP) — Travelers Cos. reports a 25 percent drop in fourth-quarter earnings, on lower investment income due to the difficult markets…. RSS and News widget on Feedzilla.com
NY financier arrested in purported $400 million scam
NEW YORK (Reuters) - Authorities on Monday arrested the chief executive of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments, U.S. law enforcement officials said.
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Tacoma-based Russell Investments said in a statement Tuesday morning it plans to cut staff by about 20 percent by the end of the year. RSS news feeds and Widgets on Feedzilla.com
Investment Fraud Consumer Resources Offered by Morgan & Morgan
(EMAILWIRE.COM, January 28, 2009 ) Orlando, FL - ForThePeople.com, the website for national plaintiff?s law firm Morgan & Morgan, is now offering recently updated Investment Fraud resources. Investment Fraud has become an all too common occurrence that has resulted in significant losses for many… RSS and News widget on Feedzilla.com
Credit Card Spending for Your Nest Egg
Two new credit cards reward you with investment accounts, but are they worth it? RSS and News widget on Feedzilla.com