i want to open a trust fund but i want to know how much intrest i will get on it
2007-08-09 12:06:13 · 5 answers · asked by Jesus M 1 in Business & Finance ➔ Personal Finance
that depends entirety on how the trust fund has the money invested could be a minus if the market goes south and high it it goes north!!!.
2007-08-13 03:53:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends what the trust fund invests in. A trust fund is like a building: it is the structure that holds the property or items you want to invest in. Inside this "building" you can put just about anything - a house, stocks, bonds, a savings account, ownership of a small business, etc. The interest you earn will depend on exactly which type of investment you choose and how well it performs.
There are a lot of rules about how to form a trust and how you can use it, so it may not be appropriate for your needs. Do a little research before you invest, you'll feel much more confident about it.
2007-08-09 19:20:54 · answer #2 · answered by teresathegreat 7 · 0⤊ 0⤋
This is similar to asking how much a 401(k) earns. A trust fund is NOT an investment. It is a legal entity that owns assets for the benefit of someone else. The assets owned by the trust can be literally anything. The rate of return can range from ZERO to more than 100%. Without more details, any specific number is meaningless.
2007-08-09 19:19:02 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Interest depends on where you have the money, how it's structured, and the total amount invested. Being in a trust fund or not won't make a difference. CD interest is running in the 5% vicinity - for high amounts, or long terms, you can do better than that.
2007-08-09 19:14:52 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
it depends. A trust fund is the proceeds of investments. you get the interest or dividend. So it flucuates.
2007-08-09 19:13:52 · answer #5 · answered by Domino 4 · 0⤊ 1⤋