Mutual Funds = MUTUAL FUN-ds
Have I mentioned yet that I am dreaming about what I'm reading? Dapo said that it's good it gets in my subconscious, to which i quipped that will be great if i'm at the test and can't think of the answer, I will just fall asleep.
Missed 9, 13, 15. Felt good with material.
Questions missed were about a balanced mutual fund. investors can purchase part of a share, whole shares and the NAV represents the value of the share. I missed this because the answer listed "ONLY" whole shares, along with another choice for fractional shares...so I thought because it said ONLY it had to be wrong since you can buy fractions, anyhow.
i did miss what a letter of discount does...gives a period of 13 months for an investor to purchase a certain dollar amt of shares.
i thought long-term capital gains were capped at 15%, but according to the answer it is 20% - thought the text on p. 469 says 15...capital gains are paid on dividends EVEN if they are reinvested. the only way not to pay cap gains is to invest in mutual funds for munipalities.
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