Pete's mutual fund.

So people who want to manage your wealth, stock brokers, mutual fund companies, anyone who can advertise.

So when you have this regular open end mutual fund, any individual investors can come to the fund and say

A buy side analyst is someone who works for a hedge fund or works for Fidelity at a mutual fund.

You don't want to pick the wrong mutual fund, or the wrong salad dressing.

And what's special about an open ended mutual fund is that the close, or end of every day, either new shares can be removed from the fund, or be created before the fund.

Maybe by law, maybe he's a pension fund or he's some type of a mutual fund, that's forced to invest in something of a certain grade.

Those can only take funds from certain types of sophisticated investors. and what happens in Pete's fund, and this is going to be an open ended mutual fund that we're showing here, and most mutual funds are like that.

Obviously mutual fund managers will they tend to be long only, so they only want things to go up.

In the last video we had Pete starting an open ended mutual fund that was managed by Pete Inc.

Mutual Funds normally have nice grand names maybe they called this the Saturn Fund and if there is a Saturn Fund out there, I just picked that name at random

So it is a mutual fund, he has jumped through all the hoops that the SEC sets up for him, so he can market himself as some type of great fund manager,

But since he registered with the SEC, he can call himself a mutual fund, and he can solicit funds from the public.

With trade, there's mutual interdependency and mutual gain between parties.

Hedge Fund 1.

Then you could have another pension fund, Pension Fund 2.

They have mutual respect.

Mutual understanding promotes peace.

The surprise was mutual.

The feeling is mutual.

All companies die, all companies.

But such efforts depend on a spirit of mutual interest and mutual respect.

A colleague of mine got access to investment records from Vanguard, the gigantic mutual fund company of about a million employees and about 2,000 different workplaces.

Our mutual understanding is indispensable.

Friendship consists of mutual understanding.

Mutual understanding makes for peace.

like that brokers, mutual funds.

He's good at fund raising.

Singapore's Central Fund provides pensions.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

In the previous example, I had Pension Fund 1, that was my pension fund.

Discussion is based upon mutual respect.

Do you agree to mutual control?

Lifeforms living together for mutual advantage.

I'm looking for some mutual backscratching.

So far we looked at open end mutual fund that can kind of grow and shrink depending on how many investors want to invest in that fund and they can grow by creating new shares and selling those shares to general public and they can shrink because someone who wants their money back goes to the fund and said

Rather, there is a mutual, effective mutual deterrence that exists, that has resulted in an ongoing stalemate.

I called my mutual fund company and asked which stock in their mid cap fund... had the greatest percentage gain that day. The idea was just to get enough information for one good trade. Can we just download chart data and trade on each movement?

IMF stands for International Monetary Fund.

So now the fund has 500.

It could be a hedge fund.

And this is Pension Fund B.