Negotiate Your Mutual Fund Sales Charges

Some mutual funds charge investors to buy their funds. These front-end charges are called loads and can exceed 5 percent which adds up. For a $100,000 purchase a 5 percent load amounts to $5,000. So before you purchase a load fund, be sure to ask for a discount on the load charge. Most fund companies will give you discount based on the amount of money you plan to spend. The more you spend the bigger the discount.

Posted March 26, 2006.