Mutual Funds
Mutual funds are an easy, convenient way to invest, without having to worry about choosing individual stocks. A mutual fund can be defined as a single portfolio of stocks, bonds, and/or cash managed by an investment company on behalf of many investors. The investment company manages the fund, and sells shares in the fund to individual investors. When one invests in a mutual fund, they become a part owner of a large investment portfolio, …
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…index and in the fund. Investment requirements were also a factor for considering this fund and the Domini fund requires a minimum initial investment of $2,000. However, the company can waive the minimum investment to a mere $25 each month. The fund has been around since 1991 and has had an average annual return of 20.61% for the last 8 years. It returned 32.99% in 1998 (while the S&P500 returned 28.58%). It invests 25.85% of its assets in technology and is no load.
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