What's the Difference Between Load and No Load Funds?
Investing is a wonderful way to grow your money, but the terminology with it can scare some people. Just by taking 5 minutes, you can learn some useful information on mutual funds. It can go a long way on your retirement investing decisions. Today I'm going to look into load and no-load mutual funds.
What is a mutual fund?Wikipedia describes a mutual fund as:
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities.