What Does Lipper Ratings Mean In Investing World?

The Lipper Mutual Fund Industry Average is the performance level of all mutual funds, as reported by Lipper Analytical Services of New York.

The performance of all mutual funds is ranked quarterly and annually, by type of fund such as aggressive growth fund or income fund. Mutual fund managers try to beat the industry average as well as the other funds in their category.

You Can Find My Investing Portfolio Here

What Does Letter Of Intent Mean In Investing World?

The term “Letter of intent” simple means a letter of intent may also be issued by a mutual fund shareholder to indicate that he/she would like to invest certain amounts of money at certain specified times. In exchange for signing a letter of intent, the shareholder would often qualify for reduced sales charges.

A letter of intent is not a contract and cannot be enforced, it is just a document stating serious intent to carry out certain business activities.

You Can Find My Investing Portfolio Here