AboutJohn D Smith, CFP Expertise I can answer detailed questions regarding mutual fund investing, retirement planning, education planning and related financial planning/investment issues. I have a B.S. degree in Financial Planning & Counseling. I am also a Certified Financial Planner practitioner and have performed fee only investment management and financial planning services for the past 11 years.
Question in a mutual fund i can put money in , and over time it will grow right , but by how much
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Followup To
Question -
i'm 16 teen do i have to have a bank account to have a mutual fund
Answer -
No, you do not need a bank account. You can open an account directly with a mutual fund company and then invest in one of their mutual funds. I hope this helps.
Answer Over time, the value of the mutual fund investment should grown. How much it grows will depend on the performance of the specific fund(s) you invest in. To learn more about the basics of mutual fund investing, you can visit www.vanguard.com. Enter the personal investors portion of the website and go to the planning and education tab. There is good information here for review. I hope this helps.
