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Giving the Gift of Mutual Funds

This holiday season one of the biggest gifts has been gift cards with sales expected to go as high as $70 billion. Some people are even considering mutual funds for Christmas gifts this year. Mutual funds are a way of giving a Christmas gift that can eventually make their dreams a reality.

Gift cards can eventually loose their value. However, by giving mutual funds you are giving a Christmas gift that will increase in value over time. It is perhaps this feature of mutual funds that makes them a truly thoughtful and personal gift to give to someone close to you this holiday season.

For children you can give mutual funds and also be giving them an educational toy at the same time. A mutual fund of $500 given each Christmas that has a ten percent return will add up to over sixty thousand dollars in twenty-four years which is enough for people to buy a car or put a down payment on a house.

When selecting which mutual fund to give as a gift this Christmas season it is best to stick with those that are broadly diversified rather than those with a narrow focus. You should make sure you only go with no-load funds. Load funds may seem to be a good choice for gift giving since they have a very low minimum initial purchase. However, with load funds the return from your investments can quickly erode If you or the person you are giving the mutual fund to will be making contributions to the fund.
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