A mutual fund does not fit in the back of a pickup truck, get added to a credit card for future use, or saved onto your hard drive. The word load simply means fee. Payment for the guy selling it to you. Many times it will be told that all of the best mutual funds have loads because they are worth it. However, where do you think the sales commissions come from? The no load mutual fund says to me that we are so efficient we will make are money off the small yearly fee, we don’t need extra money up front or fancy sales people pushing are worth. Look at the returns of the fund regardless of the upfront fees and decide which is best for you.
Related posts: