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Finance allah shmoop What is a co mingled fund What

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is it Well it's A bunch of assets which used

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to be single having come to the finance party stag

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now being put together in one large tinder financial group

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Well for that finance party the host had to make

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the requisite ice sculpture Of course if that sculpture was

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done to entertain on ly one set of assets well

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it's relative cost was probably aye But if it covered

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one hundred different accounts all invited to the party to

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ogallala the great evolved wonder Well then the cost of

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that ice sculpture per visitor is a sum one hundredth

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of what it would have been Otherwise we'll co mingled

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Funds exist typically when a family is successful and disparate

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or separated they don't really talk to each other a

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whole lot Joe over here made his money from a

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shoe factory He sold brother bob over here Made his

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money from his special head shine serum And sister suzy

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over here made her money from her plastic surgery clinic

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Or uh or what That was but well here's The

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breakdown By combining their assets they sort of become a

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kind of hybrid mutual funds like a family mutual fund

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only they don't have to suffer all the regulatory filings

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of being a mutual fund that hire their own professional

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manager to run the co mingled assets think retired money

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manager or someone in the broker dealer world who pretends

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they know what they espouse or market or you know

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they're shizzle in co mingled funds the family khun draw

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margin against those funds like borrow against their own money

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for really cheap prices Sigan sell stocks short which you

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can't do in a mutual fund I'ii betting they'll go

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down just like margin you can do in a mutual

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fund and they could buy and sell stock options and

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bond options in their funds and a bunch of other

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freedoms they have Well that just buying a vanilla mutual

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fund would not have given them so Wow with all

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that freedom what can't co mingled funds d'oh Well sure

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won't protect you from frostbite if that ice sculpture you

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too thirsty just a heads up co mingled funds they're 00:02:11.57 --> [endTime] fun home

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