ABSTRACT
Mutual funds are popular investment vehicles which allow investors to buy shares in a collection of securities, such as stocks and bonds. Portfolio managers oversee buying and selling securities that are held by the fund. An entity organized as either a corporation or a trust both creates and oversees a mutual fund. There are advantages to buying shares in mutual funds over purchasing individual stocks or bonds when building artist portfolio. This chapter examines some of the benefits that artist could realize from investing in mutual funds. There are also some disadvantages to owning mutual funds. There are numerous costs associated with mutual funds, which are passed along to investors in one way or another. Funds are rated against similar types of funds, with the lowest rated receiving one star and the highest rated in the group receiving five stars. Mutual funds can play an important role in both artist's regular investments as well as their retirement investments.
