hello, because on June 1st, 195, he established the Protector Fund Company, which was the first move.

Innovating * * * the same fund

In 195s, Roy Neuberger thought that * * * the same fund was a wonderful and clever investment method, which combined many people's funds into one fund, enabling small investors to hold a variety of securities of large companies. But at that time, the fund had a big defect, that is, 8.5% commission in advance. Before the investor buys the first fund, he has to pay an 8.5% commission fee, which falls directly into the fund promoter's pocket, leaving 91.5% of his funds.

Roy Neuberger thinks that the advance commission is not conducive to building trust and encouraging investment, because this commission is not paid to the fund managers or investment decision-makers, but to the fund sellers, so there is no need to advance the commission.

He believes that there should be such a fund, which is profitable because it can bring benefits to investors, rather than charging a certain commission at the beginning. So he wants to set up a mutual fund that doesn't charge commission in advance. This practice was unprecedented at that time.

after unremitting efforts, on June 1st, 195, Roy Neuberger's "protector" was established with the fund company, and he established a * * * fund without 8.5% commission in advance. Although the development of the fund was slow at first, people finally realized that it was a wise choice to invest in the "protector" fund.

the "protector" and the fund company started with a scale of only $15,, and a few years later, the scale of the fund expanded to $1 million. As of August 28, the company managed more than $23 billion.

The growth of "protector" and fund has made the world sit up and take notice. Roy Neuberger, with his keen investment vision, invented the investment method without advance commission, and showed his extraordinary investment ability to the world. He believes that the "protector" and the fund have succeeded because the fund has a long-term good record and does not take unreasonable risks. People regard it as a way of investment, not gambling.

Roy Neuberger summed up the "Protector" fund company and said: "My investment decisions are often based on some important factors, mainly income, book value, financial status, dividends, management quality, etc."

Roy R. Roy R.Neuberger, the father of American mutual funds, is the pioneer of joint-stock funds. On December 24th, 21, Roy Neuberger passed away at his home in new york, USA, at the age of 17.

Roy Neuberger, an American, was born in the United States in 193. He stayed in Paris in the 192s and entered Wall Street in 1929. He is the only person who experienced the Great Depression in 1929 and the stock market crash in 1987 on Wall Street. He not only avoided losses twice, but also made impressive gains in the catastrophe.

In p>195, he founded the "Protector Fund" with low commission, and was the father of American open-end funds. Roy didn't go to college or business school. Later, he became the pioneer of joint-stock funds. As an American professional investor who has worked for 68 years, he has never lost any money in a year, and is called the winner of century longevity stock trading by the insiders. His success is not only great wealth, but also a long life and a happy family.