Bob Brinker's Marketimer

  Tuesday November 21, 2017

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EASY MOVEMENT FROM ONE FUND TO ANOTHER IN THE SAME FAMILY
Learn even more about this topic with the Encyclopedia of Personal Finance™

Very often, mutual funds belong to a larger "family of funds." That is, a company may hold several mutual funds, such as a growth fund, a balanced fund, a bond fund, a money market fund, etc. You can exchange one mutual fund for another in this family. However, for tax purposes, an exchange is viewed as a sale and purchase.

Fund families allow shareholders to exchange shares of one fund for another in the family without an additional sales charge. However, some funds may charge a small, flat exchange fee for this service.

And now, some final words.




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