after christmas is over, ted riley works hard to control his expenses in february so that he can make an extra payment into a mutual fund. which suggestion for obtaining the money he needs for investing is he following?

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14-12-2022
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after christmas is over, ted riley works hard to control his expenses in february so that he can make an extra payment into a mutual fund. which suggestion for obtaining the money he needs for investing is he following?

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ayfat23 ayfat23 · Answer 1 · 2022-12-20T12:32:11+01:00

In a case whereby after christmas is over, ted riley works hard to control his expenses in february so that he can make an extra payment into a mutual fund the suggestion for obtaining the money he needs for investing is making a special effort once or twice a year to save.

What is mutual fund ?

A mutual fund can be described as the fund that is been professionally managed investment fund that pools money from many investors to purchase securities.

It should be noted that mutual fund is a pool of money managed by a professional Fund Manager which is the one that collects money from a number of investors that have common investment objective as well as investing the same in equities, hence in the cae abovehe will be making a special effort once or twice a year to save.

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