Thursday, April 12
Mutual Fund Homework Due at beginning of Period!
You are to read the handout and research TWO (2) distinct and different Mutual Funds
for investment by your table. You will need to tell me the 5 letter mutual fund, and if you
have time also tell me what the NAV (Net Asset Value) is of your mutual fund.
As an example, I found the following Mutual Fund for investing in mostly Gold as a precious metal.
The Fidelity Select Gold Fund symbol is FSAGX and the NAV is $38.68.
In this case, I would purchase 130 units for about $5000.
Your information should be turned in on the back side of the Mutual Fund handout passed out on Tuesday, April 10th.
Extra Credit opportunity for any student who researches the historical price of
one ounce of GOLD purchased on the date of your birth AND also computes the current price
in 2012 ACTUAL DOLLARS ADJUSTED FOR INFLATION!!
You will have to locate both the historical price for GOLD,
and find an inflation calculator in order to earn this extra credit.
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