Investors can withdraw from their investment from as little as $500 to $10,000 at any time. Unlike a bank account where you can use an ATM, you must make a withdrawal request. Withdrawals can be requested in writing or via telephone. There may also be an application for withdrawal on their website. Once you apply to the fund they will process your request generally within a few days.
However funds often do not have large amounts of cash available so if there are a great number of requests at one time the investor may find out that the fund is ?frozen? to withdrawal requests or their request may not be fully refunded. This generally occurs when a lot of investors choose to withdraw their money at the same time such as during the Global Financial Crisis. This can be particularly stressful for investors as they see the value of their investments plunge and cannot take any action.
The news doesn?t get any better as the fund can be suspended for months or even years before it is able to start satisfying withdrawal requests again. However, there are other ways for an investor to get some of their money back:
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