0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the meaning of TRRCX?
TRRCX is a retirement fund investment. It is name for T. Rowe Price. The "T. Rowe Price Retirement 2030 Fund" (current version), is a investment fund meant to be similar to a 401 k investment. While diversifying investments, they claim to have a stable underlying mutual fund investment, and anticipate high returns.
What do you mean by mutual fund?
Mutual Fund is an open-ended fund operated by an investment company which raises money from shareholders and invests in a group of assets, in accordance with a stated set of objectives. Mutual funds raise money by selling shares of the fund to the public, much like any other type of company can sell stock in itself to the public.
What is the difference between close ended mutual fund and open ended mutual funds?
An open end mutual fund generally continues to accept investment after the fund is started. As this happens, the fund can grow larger as more investors buy shares in the fund. The open end fund then takes those new dollars and buys additional securities. Shares are priced at the end of day by taking the value of the fund's net asset value divided by the number of shares outstanding. Each share is thus priced at par value to the underlying investments in the fund. To "cash-out" of one's investment, the shares are redeemed by the fund itself, usually after trading is over for the day at the net asset value price for that day. Occasionally, if management of an open end fund feel cash is flowing into the fund to quickly, they may close the fund to new investment, but is still classified as an open end fund. A closed end mutual fund generally accepts investment only during initial setup. After that, shares in the fund are bought and sold similar to a stock on one of the exchanges. The shares may sell at a discount or a premium to the underlying securities owned by the fund, depending on the market. To "cash-out", an investor sells the shares on the exchange at the market price during the trading day. The fund itself is not involved in the day-to-day sale and purchase of fund shares.
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is a fund of hedge fund?
It is a fund that invests in a portfolio of hedge funds.
What is meant by diy super fund?
A diy super fund means a "do it yourself' superannuation fund. In other words, it is a retirement fund that is managed by an individual rather than a third party committee or individual.
What is the concept of target date funds?
A target date fund is a fund that is meant to be used at some date in the future. The best example of a target date fund would be a retirement fund to be used when one retires.
How does the World Bank fund itself?
It obtains funds from donor members.
How do you use impoverishment in a sentence?
"Prior to his impoverishment, he had operated a real estate investment fund." "Her impoverishment meant that she and her children were left homeless."
What is meant by a no load mutual fund?
No load mutual fund means the fund does not charge any type of sales load as the name implies. However, this type of fund may charge fees that are not sales load like purchase fees and redemption fees.
What is meant by a Money Market fund?
Money Market fund is a mutual fund that one invests in short-term debt securities. Monet market funds are almost as safe as bank deposits but they will make more money.
How do you use the word meant in a sentence?
What I meant is that to square a number you multiply the number by itself.
What is meant by fund investing?
Fund investing is a process that involves two or more companies or individuals. A company or an individual is investing money or other resources in another company in order to get a share of the profit.
What is the meaning of TRRCX?
TRRCX is a retirement fund investment. It is name for T. Rowe Price. The "T. Rowe Price Retirement 2030 Fund" (current version), is a investment fund meant to be similar to a 401 k investment. While diversifying investments, they claim to have a stable underlying mutual fund investment, and anticipate high returns.
Is a trust fund considered a business?
A trust fund is not considered a business. In various countries, however, income tax forms may be required each year. Also a trust manager must be paid on an agreed upon set of fees. Here we see that managing a trust fund is a business, but the fund itself is not.
What is meant by a company's vision?
Where the company sees itself in the future.
What is meant by company vision?
Where the company sees itself in the future.
