Open-end mutual funds are companies which invest in securities which are selected by a fund manager. Open-end mutual funds pool the money of investors through the sale of investment shares and use the proceeds to assemble a collection of investments within a portfolio which the fund manager selects based upon the fund’s investment focus. The fund manager actively manages the portfolio, and investment shares can be sold back to the fund at their net asset value minus any fees the fund imposes at that time.
None of these specific investment classes are recommended by durableincome.com, however, better understanding of them will help you prepare for a more secure retirement. Discuss each asset class or particular investment carefully with your financial advisor before making any investment decision.