2007-02-24 09:30:18 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Mutual funds don't have a term. You can sell them anytime. However, there may be surrender charges that apply. The best example would be to pay a deferred sales charge (such as in B-shares).
The more important question is, why? Mutual funds are long-term investments, already diversified and managed. The only responsible philosophy using mutual funds is one of buy-and-hold.
2007-02-24 09:55:16 · answer #1 · answered by Rob D 5 · 1⤊ 1⤋
You may have to pay a sales charge, but it is possible that you purchased a mutual fund that didn't do what you expected and it may be worth it to get out. You don't want to just trade them without a good reason though.
2007-02-24 20:02:52 · answer #2 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
If is a personal holding ( not part of a plan), you can end it anytime you want. If it is part of some sort of plan, there may be difficulties - legal, Income Tax, et.
2007-02-24 17:35:00 · answer #3 · answered by Puzzleman 5 · 0⤊ 0⤋
you may have to pay plenty
2007-02-28 16:15:11 · answer #4 · answered by Anonymous · 0⤊ 0⤋