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I used to think BRUFX was not available in all States. However after reading prospectus I didn't find anything about any restrictions. I used to think it was not registered in all states.
I would like to introduce new term. I have been "BRUCED". They actually think they will find more investors in South Dakota, Wyoming, etc. or are they making a political statement ?!
Reply to @VintageFreak: It likely has to do with the local regulations in those states. This link suggests that Texas and Nebraska are among a handful of states that require mutual funds to pay disproportionately high fees.
Question, if some one buys the Bruce Fund in one of the remaining 48 states, and moves to Texas or Nebraska, what happens next? Does the Bruce Fund close you position out, do you have to sell your fund or will the fund not accept anymore optional cash investments?
Reply to @TheShadow: ROFL. I see people moving across the border right now. Heh, Heh.
I would think they would not have to sell. However, purchasing more with new address of record I'm sure will not work. I'm sure it is against the law to force anyone to sell anything one owns because of moving residence.
Is anyone here from TX, Nebraska rich enough to own summer/winter homes in other states is the real question. Then they could maybe buy BRUFX.
Comments
Regards,
Ted
I would like to introduce new term. I have been "BRUCED". They actually think they will find more investors in South Dakota, Wyoming, etc. or are they making a political statement ?!
I would think they would not have to sell. However, purchasing more with new address of record I'm sure will not work. I'm sure it is against the law to force anyone to sell anything one owns because of moving residence.
Is anyone here from TX, Nebraska rich enough to own summer/winter homes in other states is the real question. Then they could maybe buy BRUFX.
All this just for a fund