An investment that pools the money of many individual investors.
What is a mutual fund?
100
A commission paid for purchasing shares of a mutual fund.
What is a load or fee?
100
Fund with the objective to invest in a particular industry or area of the economy.
What is a sector fund?
100
The city where the first US mutual fund appeared.
What is Boston, MA?
100
This technology company is currently 20% below its peak price in September despite strong product sales.
What is the Apple?
200
One major benefit to mutual fund investing that helps to minimize risk.
What is diversification?
200
Two types of mutual fund load.
What is front-end (paid when purchasing shares) and back-end load (paid when redeeming shares).
200
Fund that invests in companies that pay dividends, intended for long term growth with limited risk.
What is an equity income fund?
200
The Morningstar rating system was developed by this company.
What is Morningstar, Inc?
200
Stocks in this industry (such as ANR and ACI) dropped more than 5% after election results due to the speculation that President Obama will make doing business more difficult and costly.
What is the coal, oil and gas industry?
ACI - Arch Coal
ANR - Alpha Natural Resources
300
An advantage to investing in mutual funds is that securities are chosen, bought and sold by these individuals.
Who is the mutual fund or portfolio manager?
300
Fee the fund charges for the management of investment securities, in other words the charge paid to the manager of the fund for their service.
What is the management fee?
300
A fund with an objective is to provide both growth of capital and a stream of income.
What is a growth and income fund?
300
Fund that invests in companies that operate in emerging markets.
What is an emerging market fund?
300
Unemployment in this country hit a record high in August, with a rate of over 25%.
Greece
400
Number calculated at the end of each trading day, is the value of a mutual fund's assets, minus liabilities, divided by number of shares outstanding.
What is Net Asset Value?
400
Fee paid for the paperwork, client statements, legal expenses, accounting and even answering the phone.
What is the administration fee?
400
A fund that invests in stocks and bonds.
What is a hybrid fund?
400
This famous fund manager wrote the books "Learn to Earn" and "One Up on Wall Street."
Who is Peter Lynch?
400
This state approved Proposition 30 on Tuesday, which increases taxes on the wealthy and raises state sales tax. It is expected to result in $6 billion in revenue a year over five years.
What is California?
500
The five star rating system that measures the performance and success of mutual funds.
What is the Morning Star Rating system?
500
Fee for the fund's marketing and advertising costs.
What is the 12b-1 fee?
500
A fund that raises money only once, through an IPO, and offers only a fixed number of shares.
What is a closed-end fund?
500
An investor who is more concerned with high returns than the safety of the initial investment.
Who is a speculator?
500
This impending economic situation refers to the fact that as of December 31st, 2012 the United States government will face tax increases and spending cuts in the amount of $7 trillion over a decade.