Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 45

The best fund companies are set up for people who don’t like to waste time going to a local branch office and waiting in line. I don’t know about you, but I enjoy waiting in lines, especially in places like a bank, about as much as I enjoy having my dentist fill a cavity.

With mutual funds, you can make your initial investment from the comfort of your living room by completing a simple application form (including in most cases online) and either sending money electronically to fund your fund account (see Chapter 16 for details) or by writing and mailing a check. Later, you can add to your investment by mailing in a check or by authorizing money transfers by phone or online from one mutual fund account to another.

Selling shares of your mutual fund for cash is usually easy. Generally, all you need to do is call the fund company’s toll-free number or click your computer mouse at your investment firm’s website 24/7. Some companies even have representatives available by phone 24 hours a day, 365 days a year. (Signature guarantees, although much less common, are still sometimes required by fund companies.)

Many fund companies also allow you to wire money back and forth from your local bank account, allowing you to access your money almost as quickly through a money market fund as through your local bank. (As I discuss in Chapter 11, you probably need to keep a local bank checking account to write smaller checks and for immediate ATM access to cash.)