Finding Mutual Funds



Name: __________________________________________________Mutual Fund Case Study ReviewVikki and Tom (50 and 52) have been busy cleaning out Tom’s parents’ house since his mom passed away. They have a daughter, Molly (age 20) and their 13-year-old twin boys Caleb and Tyler. Tom met with his father and his parent’s attorney to discuss his mother’s will. He was surprised and touched to learn that his parents, living frugally, amassed a portfolio to allow Vikki and himself to inherit $275,000.Vikki and Tom decide this a good time to sit down with a financial planner (You) to discuss their goals for investing the inheritance. Vikki and Tom are entitled to $110,000 to use towards retirement. $90,000 must be used to boost the college savings for all three children in accordance with the stipulations of the will. Finally, the last $75,000 must be distributed equally among their children which they cannot touch until they reach the age of 25.Vikki and Tom want to invest their inheritance wisely into mutual funds to able to meet their objectives for both them and their children. What types of mutual funds would you recommend for Vikki and Tom at this stage in their life? Why or why not? COMPLETE THE WORKSHEET ON PAGE 2 & 3 BEFORE ANSWERING THE QUESTIONS. Be sure to use correct terms from our notes when answering the questions. Be sure to read the objective of the fund and include that information within your answer.Would you recommend the same funds for their college financing goals? Why or why not? COMPLETE THE WORKSHEET ON PAGE 2 & 3 BEFORE ANSWERING THE QUESTIONS. Be sure to use correct terms from our notes when answering the questions. Be sure to read the objective of the fund and include that information within your answer.Would you recommend the same funds for the children’s trust accounts? Why or why not? COMPLETE THE WORKSHEET ON PAGE 2 & 3 BEFORE ANSWERING THE QUESTIONS. Be sure to use correct terms from our notes when answering the questions. Be sure to read the objective of the fund and include that information within your answerFidelity: Asset Category – one large capVanguard: small one Mid TRowe: Mutual FundsAsset AllocationName of Mutual FundTicker symbolPrice of Mutual FundRisk LevelName of Fund ManagerExpense RatioLoad or No-LoadName of top 5 companies within the fundAvg. Rate of Returns Type of Category% of SectorsAnyKindFidelity: Asset Category – one large capVanguard: small one midFinding Mutual FundsAsset AllocationName of Mutual FundTicker symbolPrice of Mutual FundRisk LevelName of Fund ManagerExpense RatioLoad or No-LoadName of top 5 companies within the fundAvg. Rate of Returns Type of Category% of SectorsTRowe: with your neighbors. Compare your answers from questions 1-3. Who found the best options for Vikki and Tom? Why?Based on your groups consensus, would you buy any of the recommended for the stock market game? Why or why not?Please add your mutual funds to the class list on Mr. Lapointe’s Google Sheet. The link is found on my webpage. ................
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