Mutual fund managers are sometimes called investment managers. They are responsible for implementing the funds strategy by managing the portfolio. What is bought and what is sold. They are paid based on a percentage of the funds assets. An individual fund could be managed by one person or it could be a team.
Mutual funds are long term investments and are often part of a retirement plan.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
That is a great question! A mutual fund manager is the person that is responsible for selecting the stocks or bonds, and the daily business of buying and selling them. These are the guys who make the large money off the market. They are paid a percentage of the money made, and so they buy and sell a lot. ( According to Forbes, the average portfolio turnover in the 1950's was 15%. Today it ranges from 573-827%. Any wonder why they are making money, and your costs have more than doubled?) It is an excellent job, if you can get it. Thanks for asking!
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Mutual funds are long term investments and are often part of a retirement plan.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.