| Why use a brokerage company for mutual funds? |
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First Time Poster
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| Why use a brokerage company for mutual funds? |
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I'm new to investing. My investment goals are long term, and I plan to stick with mutual funds. I'm not sure what the role of a brokerage firm is. Is it better to buy a fund through a broker or from the fund company directly?
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Mon Dec 29, 2003 2:43 am |
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Andrew
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Joined: 02 Nov 2003
Location: Texas
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There are pros and cons, so it depends on your investment needs. Here's some links that should be of interest...
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Buying from Brokers versus Fund Companies
Many discount brokerage houses now offer their clients the option of purchasing shares in mutual funds directly from the brokerage house. Even better, most of these brokers don't charge any load or fees if a client buys a no-load fund. There are a few advantages and disadvantages of doing this...
http://invest-faq.com/articles/mfund-buy-broker.html
Details on what a mutual fund broker actually does...
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In order to buy and sell mutual funds, you might need a mutual fund broker to help you with the transaction. Granted, but what does a mutual fund broker do and what exactly is a mutual fund?
http://www.campusstarter.com/getajob_careersearch_details.cfm?CarId=34
And this one...
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Business Week
Is Your Mutual-Fund Broker Ripping You Off?
Are banks and brokerage firms stealing from their mutual-fund investors? That's what the Securities & Exchange Commission is asking, and with good reason.
http://www.businessweek.com/magazine/content/03_23/b3836094_mz020.htm
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Mon Dec 29, 2003 5:08 am |
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