By: Rich Juan, Poor Juan Investing in Mutual Funds is simpler than most people think. We have created a quick guide to help you get started. The illustration above will also help. Let's begin! It starts by opening an account with your CIS (Certified Investment Solicitor) or mutual fund adviser. In Paramount, we call then FAAs (Fusion Accredited Agents). All you have to do is fill out some necessary forms and provide two (2) valid government IDs. On the application form, you will also select which fund you will be using. There three main types of funds that people can choose from. They are Equity Funds, Bond Funds, and Balanced Funds . Quickly put, Equity Funds are shares of publicly-traded companies on the stock market. Bond Funds are shares of Bonds or corporate bonds and government securities traded, and Balanced funds are Funds containing a combination of equities and bonds. We will discuss these in detail in another article. Let's just say you chose...
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