[colezy9]

Can the makeup of a particular mutual fund change? If so, how often is the makeup of a particular mutual fund reviewed and modified?

 

[leslie]

Managers of mutual funds buy and sell assets every day.

 

[mogul777]

Managers of mutual funds buy and sell assets every day.

True.

And OP read the prospectus... though I fear you have no idea what that is.

 

[colezy9]

True.

And OP read the prospectus... though I fear you have no idea what that is.

Leslie, your feedback is greatly appreciated.

Mogul777, I will be sure to read the prospectus again before signing anything and my FA has read it over to me. My FA probably assumed I understood that mutual funds change daily but I didn't and I didn't think of asking until after. On a side note, does it make you feel smart by coming online and trying to make other people feel stupid? I am relatively new to investing and have done lots of reading but this was unclear to me.