like that brokers, mutual funds.

And tons of people will buy it, especially hedge funds, and pension funds, and mutual funds, and bond investors.

Closed end funds and closed end funds on some level are a little bit simpler

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.

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

All these poor bastards out there, putting their life savings in banks, and sis, and mutual funds.

You can do better in mutual funds. I know a guy. I could put you in touch...

Which end should we open first?

These funds are to philanthropy what venture capital, private equity, and eventually mutual funds are to investing, but with a twist because often a community forms around these funds, as it has at Acumen and other places.

Insufficient Funds

Booty, funds

Riverdale Mutual.

And you might say Hey wait, isn't a Closed End Funds Exchange Traded?

That's a dead end. It's still open.

You got the funds? Oh, I got the funds.

And what she found is that for every 10 mutual funds the employer offered, rate of participation went down two percent.

I raise funds.

Pete's mutual fund.

The feeling's mutual.

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

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

We exhausted our funds.

You need first funds.

Where are the funds?

They have mutual respect.

Mutual understanding promotes peace.

The surprise was mutual.

The feeling is mutual.

Okay. Is that mutual?

Riverdale Mutual. The Bronx.

Now is not the time to end an association that is vital to our mutual survival.

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

They are short of funds.

So essentially to raise funds,

Our mutual understanding is indispensable.

Friendship consists of mutual understanding.

Mutual understanding makes for peace.

It was a mutual decision.

Incompatible species, massive mutual rejection.

Well, the feeling's not mutual.

And faced our mutual demons.

I'm going to end up with one open and zero closes.

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

He is running short of funds.

We have ample funds in hand.