Pete's mutual fund.

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.

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.

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

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

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.

Riverdale Mutual.

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.

So let's say the sovereign wealth fund, they're going to buy 2 billion shares at 1.50 per share.

Shares

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

The feeling's mutual.

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

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,

Hedge Fund 1.

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Her shares!

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

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.

Okay. Is that mutual?

Riverdale Mutual. The Bronx.

These are one million shares total, or shares outstanding.

He shares it unconditionally and he shares it regardless.

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

Our mutual understanding is indispensable.

Friendship consists of mutual understanding.

Mutual understanding makes for peace.

like that brokers, mutual funds.