Bernie has followed the three steps to begin mutual fund investing and is ready to make the purchase.What are his choices in buying?
A)Use a broker.
B)Use a financial advisor.
C)Buy direct.
D)Buy through a mutual fund supermarket.
E)All of the above

Question

Quizplus · Accepted Answer

Bernie has multiple options for buying mutual funds, and the best choice depends on his personal preferences and financial situation.

If Bernie values professional advice and guidance, he may want to use a broker or financial advisor who can help him select funds based on his goals and risk tolerance. However, these options may come with higher fees or commissions.

If Bernie prefers to take a more hands-on approach and save on fees, he could buy mutual funds directly from the fund company.

If Bernie wants a combination of convenience and choice, he could use a mutual fund supermarket. These platforms allow investors to compare and select funds from a variety of fund companies, all within one account.

Ultimately, the best choice for Bernie will depend on factors such as his investment knowledge, goals, comfort level with risk, and preference for fees and advice.

Bernie Has Followed the Three Steps to Begin Mutual Fund