This is a question we get a lot here at Callahan Financial Planning, and with all the recent news and new options, I thought it would be a good topic to revisit.
As a refresher, let’s start with a quick note on what Mutual Funds are:
- An Investment Company that invests shareholders money in a (usually) diversified portfolio of securities like individual stocks or bonds.
- Assets are held in custody at a third-party bank, and are subject to regular inspection by the SEC in addition to any independent auditors to the bank and mutual fund. Read the rest of this entry »