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It depends on the mutul fund type. If it is an open ended fund, you can sell it anytime. You would have to incur the exit load the fund company may charge you for withdrawing your money. If it is a close ended fund, you cannot sell it anytime. You have to wait till your lock in period is over to sell your holdings
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Can you sell equities with a series 6 license?
No, only mutual funds and fixed annuities.
Where can I buy mutual funds online at?
There are several sites that offer information about mutual funds available. One of the best is www.mint.com/invest/mutual-funds/. It is a free site that tells what a mutual fund is & how to buy or sell them online.
What are the requirements for a license to sell mutual funds in Texas?
You can take a test to become an insurance agent and to sell mutual funds in Texas. The main requirements are that you are bondable, you haven't committed a felony and that you have passed your test.
What are series 6 and 63 licenses for?
Series 6 license is require for professionals who sell mutual funds, variable annuities, retirement plans and insurance products as well. While for series 63 license, it is required for those wish to sell only investment company products like mutual funds and money-market funds.
How can you avoid tax upon unloading one family of mutual funds buying into another family of mutual funds?
You can not sell and rebuy without paying capital gains taxes. Your only solution is if this is a 401k to change the amount you buy each month. Such as if you have been buying energy mutual funds and now you want to buy bond funds. Start switching your percentage from to the other. http://www.amfi.com/types/energy-mutual-funds http://www.irs.gov/
Do you have to be bonded to sell insurance and mutual funds?
You do not have to be bonded, but registration and licenses are required.
What are closed-end funds?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
How does a hedge fund differ a mutual funds?
Hedge funds and mutual funds are both managed portfolios in which the securities are picked by a fund manager. The securities that are picked are the ones that the manager feels will perform well and are grouped into a single portfolio. Portions of these funds are then sold to investors who are allowed to participate in the gains and losses of the holdings. However hedge funds are more aggressively managed as compared to mutual funds. They can take speculative positions in derivative securities such as options and can also short sell stocks which will increase the leverage of the fund. This means that hedge funds can also make money in an economic downturn. Mutual funds in comparison cannot take such leveraged positions and do not involve the same level of risk. Hedge funds also differ from mutual funds in their availability. They are only available to a specific group of investors with high net worth while mutual funds are available to any investors with even minimal amounts of money. There are a number of investment companies in India that invest in hedge funds as well as mutual funds of which Reliance mutual funds is a very good option.
How does a hedge fund differ from a mutual fund?
Hedge funds and mutual funds are both managed portfolios in which the securities are picked by a fund manager. The securities that are picked are the ones that the manager feels will perform well and are grouped into a single portfolio. Portions of these funds are then sold to investors who are allowed to participate in the gains and losses of the holdings. However hedge funds are more aggressively managed as compared to mutual funds. They can take speculative positions in derivative securities such as options and can also short sell stocks which will increase the leverage of the fund. This means that hedge funds can also make money in an economic downturn. Mutual funds in comparison cannot take such leveraged positions and do not involve the same level of risk. Hedge funds also differ from mutual funds in their availability. They are only available to a specific group of investors with high net worth while mutual funds are available to any investors with even minimal amounts of money. There are a number of investment companies in India that invest in hedge funds as well as mutual funds of which Reliance mutual funds is a very good option.
What can you do or sell with a Series 6 license?
The Series 6 allows you to sell open ended funds (mutual funds), Unit Investment Trusts and ETF's (new issues only), Face Amount Certificate Companies, new issues of closed-ended funds, and variable insurance products (if you also have you insurance licensing in your state). You can NOT sell individual stocks or bonds.
What are closed end fund?
Close ended funds are mutual funds that have a lock-in period, i.e., you cannot redeem or sell your units before the date of maturity. Let us say you invest in a 5 year close ended fund today, you can sell it only in 2014.
What is the fee to sell a mutual fund?
In India, it is usually 1 or 2% of the total value if you sell your funds within 1 year from the date of purchase. It is called "Exit Load" If you sell your funds after holding on to them after alteast a year, then there is no fee.
