Think your mutual fund should not be investing in cat toys but instead would be better served investing in optical communication devices?
Is your fund investing in the bonds of a third world country when you know the fund's assets should be focused on the petroleum sector?
Tired of losing money to an inflated expense ratio? Why not start your own mutual fund? A mutual fund with only one investor.
A
mutual fund is a company that invests its shareholders' money in stocks, bonds, bills and other securities. As such, the fund
is only a means of taking investors' money and investing in a diversified manner using professional financial advice. But as
an investor the ability to diversify is within your control. All that is lacking is the "professional financial advice," or
is it? As a company who's shares are traded in the financial markets and controlled by the SEC, the company must periodically
disclose its financials to potential investors via a prospectus. In a prospectus, which is free, is a list of assets that the
company
owns or controls. For a mutual fund this is all the securities and the quantities that are held. Here is your free financial
advice. By investing in these same stocks you can build your own fund but on a smaller scale. To build up your fund in
size, periodically buy more stocks, still following the "free advice."
The easiest way to periodically add more money to your
"fund" is via the same method that you would in a mutual fund...the automatic investment plan. To do this you would need an
online brokerage that has an automatic investment plan. Sharebuilder.com is that brokerage. Sharebuilder.com is one of
the only online brokerage firms that has an automatic investment plan. Invest in any size amount you wish, no maintenance fees,
no inactivity fees, follow the "free advice" and watch your assets grow!!
