You are 30 years old and single. you have a moderate risk investment philosophy. you are interested in long-term investing, but you do not have sufficient funds to buy a variety of investments to be fully diversified and you do not feel you have the expertise to make good choices.
read the statements and indicate whether each statement is true or false:
o holders of mutual funds have voting rights in the mutual funds as well as the individual companies in which the mutual fund is invested. t/f
o many investors elect to invest in mutual funds because of the difficulty in constructing a fully diversified portfolio using self-selected individual stocks and bonds. t/f
o an important advantage of an open-end mutual fund is the liquidity provided by the investment company. t/f
o a managed mutual fund usually assesses a higher management fee than an unmanaged fund. t/f