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Subject:  Re: A few questions about taxable accounts Date:  11/21/2003  1:33 PM
Author:  pauleckler Number:  37938 of 88544

In a cash account, most mutual fund companies will cash out any portion of your mutual fund investment at any time. Some funds do charge back end loads that become payable at that time. I am not aware of any fund that charges fees for selling.

Some do have fees for short term transactions. Some do have limits on the number or size of transactions.

And by the way, many funds offer check writing priviledges. That way, you simply write a check when you need funds. The appropriate number of shares in a designated account are sold when the check clears. This keeps your money earning while the check is in transit.

For large sums (like for a mortgage downpayment), wire transfer to your bank is usually worth the effort. The money moves quickly. You can write a check against it sooner. And you don't worry about the check getting lost in the mail.
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