My idea for a new mutual fund is as follows:
50% Tech stocks
15% REITS
15% T-Bonds
20% Preferred stocks (consumer necessities and industrial)
My target customers would be people with a modicum of FI. Maybe $350,000+
If I ran the fund, I'd be hands off as much as much as possible. I'd try to keep expenses down and have a long-term focus.
You'd need two classes of shares. One where income is reinvested. One where income is paid out monthly.
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