She mailed an application and a $5,000 check to open a mutual fund account.
As an illustration, say you want your mutual fund account to grow $500 each quarter.
The trust funds are reported only in the fund accounts.
The second cost associated with producing fund accounts relates to the investment of time and skill needed to understand them.
Suppose you decide to increase the value of your mutual fund account by $100 a month and that shares are priced at $10 each.
If the grandparents never need the money, the young couple plan to use the mutual fund account to pay college costs and other expenses.
Suppose you redeem 50 shares from your mutual fund account by writing a check.
Any investor with at least $250,000 in a retail fund account can also get in.
About 40 percent of her pension fund accounts are in cash or five- to seven-year government bonds.
Even then the money moves from one fund account to another and never actually enters the Russian banking system.
