The Wright Star LLC

08/04/2020

THINGS RENTERS NEED TO KNOW ABOUT RENT RELIEF DURING THE PANDEMIC

During the coronavirus pandemic, many states protect their renters by a temporary moratorium on evictions.

However, tenants across the country are still holding a couple of questions on these rules. Such as, will the landlords evict renters as soon as the relief period ends? Will the nonpayment ruin renters’ credit and make it much harder to get a new place? Does late fee is expected?

The answers to these questions vary diffusely across states.

For instance, in New York, the landlords are banned from evicting their tenants at this time, but they can file orders from June 20.

According to Emily A. Benfer, a professor at Columbia Law School, “The moment these moratoriums are lifted, we’ll see massive evictions.” Since the state hasn’t announced any grace period for renters to catch up on their rental debt, property owners in the state can still get tenants’ nonpayment tacked on their credit reports and reported

While in Connecticut, landlords can’t file evictions against evict their tenants during the crisis. At the same time, they also have to offer a 60-day grace period for tenants to pay off their arrears.

What’s more, landlords can’t report their tenants’ behavior of not paying rent to companies which score credit.

As for Delaware and Nevada, the landlords are prohibited from charging late fees during the public health crisis, but that is allowed when it comes to Illinois and Rhode Island.

That means, in some states the tenants are not exempt from evictions.

In the absence of state protections, some cities and counties have issued their own moratoriums for renters locally. There’s one thing that is consist: evictions are banned for properties with federally backed mortgages and for tenants in government-assisted housing, based on the stimulus package passed by the Congress in March.

Benfer also pointed out another potential confusion, “Tenants don’t always know if their building has a federally backed mortgage”.

To help renters learn whether they qualify for the eviction moratorium, recently government-sponsored released tools to search their property and see the qualification, with the provision covering nearly 30% of rental units across the country.

Lawyers and housing advocates give another caution as some of the eviction moratoriums coming to an end. Julia McNally, an attorney at The Legal Aid Society in Queens, New York said that, “People are continuing to struggle to pay their rent and relying on the moratorium, but the stress of knowing that after the moratorium, they might be evicted, is really intense.”

04/15/2020

FUN FACTS ABOUT ACCOUNTING

You always think accounting is boring? Try to know about it from some fun sides? Here you are! Here are some fun facts about accounting! Let’s start exploring in the fascinating accounting world!

1. Before a standard numbering system was developed, ancient accountants used clay tokens to keep track of animals and grain. No, I wasn’t there!

2. The word accountant is from the French word compter, which means to count or score. The “p” was dropped over time. Today, we’re much more careful about dropping digits…

3. Bookkeeper and words derived from it (like bookkeeping) are the only words in the English language with three sets of double letters.

4. Bubble gum was invented in 1928 by accountant Walter Dimer.

5. Every year since 1935, a team of CPAs has spent over 1,700 hours prior to Oscar night counting the Academy Awards ballots by hand. You may not have noticed, but members of the Academy’s accounting firm traditionally make an appearance during the broadcast.

6. A number of celebrities started out studying accounting, including novelist John Grisham, comedian Bob Newhart, jazz artist Kenny G., singer Janet Jackson, and Atlanta Falcons owner Arthur Blank.

7. Accountants are happy and do not think their job is boring. Accountemps did a survey indicating that seven of 10 accountants would choose accounting all over again if they had a chance to pick their profession anew.

8. Over 2,000 accounting specialists are employed by the FBI.

9. Employment of accountants is projected to grow 11% from 2014-2024, faster than the average for all occupations.

10. The state of New York gave its first Certified Public Accountant (CPA) Examination in 1896.

03/28/2020

WHAT?! Unbelievable Real Estate Facts That Will Blow Your Freaking Mind!

If you’re looking for some crazy real estate trivia, you’ve come to the right place.

Here is a GIANT COLLECTION of some extremely interesting real estate facts. I believe you will be shocked!

1. Most people don’t realize it, but McDonald’s is not a burger-flipping restaurant chain; it is one of the world’s best real estate portfolio. Franchisees do the burger flipping and McDonald’s gets paid handsomely for owning the best commercial real estate all over the world.

2. In the United States, there are 5 times as many vacant houses as there are homeless people.

3. Utah has been giving free homes to the homeless since 2005, which has cut chronic homelessness by 74%.

4. Donald Trump has filed for corporate bankruptcy four times.

5. The Seattle Kingdome was so expensive that the building wasn’t paid off until 2015 a full 15 years after it was demolished.

6. On 9/11/01, the owners of the World Trade Center scheduled a meeting on floor 88 of Tower One to discuss what to do in the event of a terrorist attack. They rescheduled their meeting the night before, because someone couldn’t attend.

7. Most people don’t realize it, but the Egyptian Pyramids are situated very close to the city of Cairo.

8. In Scotland, homeowners paint their front door RED when they pay off their mortgage.

9. The Pentagon was originally built with extra bathrooms to accommodate racial segregation laws.

10. Can’t find the right property in your market? There’s a guy who will sell you an acre of land on the moon for less than $30.

11. In Japan, most houses depreciate in value. Half of all houses are demolished within 38 years and there is virtually no market for pre-owned homes. Per capita, there are nearly four times as many architects and more than twice as many construction workers Japan as the U.S.

12. Using prefabricated modules, some builders in China are able to build 30-story skyscrapers in as little as 15 days.
13. Monopoly was originally designed to tach players about the broken nature of Capitalism.

14. Warren Buffett is one of the richest men in the world and he still lives in the same house he bought in 1958. He paid $31,500 for it.

15. There are thousands of homes built on top of an old World War II bombing range in Orlando, Florida. Residents have been discovering old bombs there since 1998.

16. This Canadian mansion has been featured in films like X-Men, Smallville, MacGyver, Billy Madison, Poltergeist and many more.

17. In 2009, there were more foreclosures in the United States than there were marriages.

18. In a competition to build the world’s tallest building, the architect of the Chrysler Building secretly built it with a 125 ft long spire inside. When his competitor’s building was completed, the spire was pushed up through the building making it taller by 119 feet.

19. Think your house is too small? The typical home size in many developing countries is 75 square feet.

https://youtu.be/PWt_7OnXp6w

03/16/2020

YOU MAY NOT BELIEVE: ANALYZING CUSTOMERS' HAIR, SELLER CAN SELL MORE GOODS!

Research shows that people's personalities and hair are closely related to each other, and often a person's consumption behavior is directly influenced by their personality. Therefore, in the sales process, the salesperson should consider the customer's hair as an important identifying factor, helping the sale proceed smoothly. So, what information does a customer's hair reveal?

1. SEE HAIR QUALITY TO EVALUATE CUSTOMERS' PSYCHOLOGY

(1) Hard, thick hair: These customers are generous, do not pay attention to detail, fairness, and not frivolous. When they buy, they will be loyal to a product. For example, when they like certain clothes, they will buy it without bargaining. Contact with these customers, maybe salespeople without effort and time to explain the price of the product.

(2) Heavy, black hair: These customers are very smart, working in a clear order. They attach great importance to the quality of the product. Therefore, when introducing products, salespeople need to be confident, to do this, salespeople first need to understand the product very well.

(3) Hair is less, thin: These customers are more calculating, always want everything to be clear, without mettle and tolerance. For these customers, the most important thing is that salespeople need to be patient, learn how to negotiate with them when necessary can create appropriate pressure for them.

(4) Natural Curly Hair: These customers are very personal like to express themselves, always obstinate with the matter of principle. For these customers, salespeople need to know their buying psychology in advance, then solve the problem at the right point.

2. SEE HAIRSTYLES TO IDENTIFY CUSTOMERS' PSYCHOLOGY

(1) Short hair: These customers work fast, they are very good at managing money, do not spend indiscriminate money and like many people, they require the practicality of the product. Therefore, when meeting these customers, the salesperson should not introduce them to high-quality products, so recommend products that are suitable for their pocket.

(2) Long hair: These customers are very personal, they pay attention to personal taste, originality and novelty of appearance, have high requirements for the product, and do not notice Much to the price. Therefore, salespeople need to know how to coordinate these criteria to introduce them to new and stylish products.

(3) Neat and sleek hairstyles: These people pay attention to their appearance, pay attention to the opinions of others, are also quite strict on themselves, tend to be perfectionist, love High demand for the product. Therefore, salespeople need to stimulate their buying desires, recommend the products they like.

(4) Natural hairstyles: These people don't take looks seriously, they pay attention to how they feel in their hearts and real life. They do not require a high product, just the sales staff serve them with a sincere attitude, giving practical ideas that they will not change their buying intentions.

(5) Cool, unique hairstyles: These customers like to pursue new fashions, easily accept new ones, have certain spending power. Therefore, salespeople need to know how to praise, the praise will make customers happy, satisfied and you will sell successfully.

03/02/2020

U.S. HOME SALES FORECAST

Sales are a key indicator of housing demand and mobility, and housing is often the largest asset for many households. Since homes can be viewed by consumers as an investment good, bought with the intention of reselling later for a higher price, as well as a consumption good, used for living in, rising prices can have the effect of actually increasing demand.

The real estate market is well-known for its boom and bust cycles. Existing home sales are an integral part of this cyclicality, and therefore exhibit a moderate to high level of volatility. Home sales are responsive to any factors that influence buying and selling decisions for homes. This includes subsidies from the government, access to credit, population growth, income levels, construction costs, tastes toward renting and homeownership, current house prices and future price expectations.

Over the five years to 2019, the number of existing home sales is expected to grow at an annualized rate of 1.8% to over 5.4 million. In addition, existing home sales jumped 6.3% in 2015, having risen to its highest levels since 2006, and currently stand above its 10-year average. This trend eased in 2016 and in 2017, before ultimately reversing in 2018. The housing market is expected to be affected by the effects of rising interest rates, which increases the costs associated with consumer borrowing. Although per capita disposable income has expanded over the five years to 2019, 2018 began at a high point for the US economy. With the turmoil in the financial sector, consumers eventually reduced demand for existing home sales in the latter-half of the five-year period.

This driver measures the sales of existing single-family homes, condos and co-ops in a given year. The data is sourced from the National Association of Realtors and is the average of the monthly seasonally adjusted annualized sales totals.

Existing home sales are expected to continue growing, albeit at a slower pace, reaching nearly 5.7 million in 2024. Growth in the housing market is expected to be driven by a strong US labor market and disposable income growth during the period. However, continued economic growth will ultimately force the Federal Reserve to keep increasing interest rates over the next few years, which will facilitate higher mortgage rates. While increased borrowing costs can potentially temper demand for homeownership and decrease the affordability of homes, mortgage rates remain low by historical standards. Moreover, as unemployment remains relatively low and incomes rise, more Americans are expected to become eligible for mortgages and consider buying rather than renting.

But despite these positive trends, sales are not expected to resume its pre-recessionary pace despite these positive trends. This is because poor borrowing behavior and irrational beliefs about rising prices have contributed to pre-recession activity levels. The memory of the deepest recession since the Great Depression should prevent these factors from reasserting themselves and fueling another bubble. The close of 2019 saw a significant drop in the financial markets of the US economy, leading to high levels of investor uncertainty and increased interest rates. With increased volatility in leading economic indicators, 2020 is expected to be relatively uncertain, which is expected to slow demand for existing homes by consumers. Accordingly, the rest of the outlook period is expected to have tempered expectations, given the volatile landscape.

02/17/2020

10 IMPORTANT LESSONS IN REAL ESTATE BUSINESS

Real estate investment is always one of the ways that many individuals as well as groups, businesses ... choose because the money rotation is quite flexible. However, buying a real estate is not sure that you have invested properly or selling a real estate is not sure that you have sold its right value.

Here are 10 real estate business lessons, specifically for individual investors. If you have been being or will be a real estate investor / trader, you cannot miss these 10 valuable lessons.

1. Where to invest your money is very important

No matter how hard you try to save money, you cannot chase the increasing pace of real estate price.

2. Real estate investment knowledge is very important

No matter how good a worker is, if he doesn't know about real estate investment, it takes him a long time to get rich.

Registering for a real estate business course will help you gain the basics and foundation for your plan.

3. Be an expert in your field is very important

Invest heavily in everything: Apartments, land plots, villas, factories, condotels, officetel ... not sure to earn a lot of money by doing one thing.

It's not easy to catch a fish with 2 hands because the fish are quite slippery and will slip out of our hands. So it is more difficult to catch two or more fish at the same time and even you can't catch any fish eventually. Therefore, when starting a real estate business, you should choose an investment goal to research and focus on.

4. System is very important

Buying a rental home is not as good as buying a lot of rental units.

It's correct! Initially you only have the capital to buy a rental house but you can't stop there. You have to know how to create yourself a road with a clear roadmap.

5. Experience is very important

The most important transaction when investing is the FIRST transaction. Experience is the key for you to take the next steps on your business roadmap.

6. Selection is very important

Buying and selling real estate where the rich often frequented will help you make a lot of money. You should know: Who is your target customer? Do they need the right product you sell? And how much can they afford?

The rich will know which products make them richer. And real estate business is one of their top choices.

7. Strategy is very important

Strategy will help you master the game

If you build a house, you will gain more profit than selling vacant land. So let create added value for your products. A piece of land only tells people about the location and area, but a house will tell people more about things like beauty, comfort and suitability for their own needs.

8. Scale is very important

The larger the size of the real estate, the more complex knowledge and skills are required, but the more investors earn money.

9. Customers are very important

Big-value houses are harder to sell than smaller ones. But high-value home buyers are more "classy" than small home buyers.

10. Negotiation is very important

If you rent a house 1,000 dollars / month for 5 years and you can negotiate 950 dollars / month, then you will save 3,000 dollars.

If you can afford to pay 1,000 dollars / month then 50 dollars / month is a small amount for your money. But there are 12 months in a year and in 5 years, it's 60 months. So the money you save will multiply by 60 times - the number is not small. Remember, many a little makes a mickle.

The above 10 lessons are not just for real estate, you can apply them to other businesses in a flexible way to fit.

01/06/2020

TWO VALUABLE LESSONS FROM SECURITIES INVESTMENT

Securities investment is the best way to learn to look at people which no school teaches. Thinking openly and not complicating matters are the two most important lessons that any investor has to memorize.

Besides money, the stock market learns about human character, challenges patience, tests information screening and analytical skills that not all investors recognize.
Here are two valuable lessons that the stock market has taught investors:

1. EVERYONE HAS A DIFFERENT OPINION. NOBODY IS PERFECT

The views of every person in this world are formed from what they hear and see in life and no one is completely alike.
Millennials have no experience with high inflation and have not experienced a period of rapid interest rate. But those who now become old grandparents were too afraid of both of them after going through the 1970s. There were people who stepped out of the Great Depression and became disgusted with debt. But Millennials do not think so. They think that university is a ticket to have a better life even if they have to borrow money to go to school.

So it can be seen that both views are right, just that the context of the starting point is different.

Two investors may have the opposite opinion not because one person is smarter than the other but because each person has a unique world view.

"You have to know that your thinking is not really yours." Yale University economist Robert Shiller, who won the Nobel Prize in economics, shared. "They are selected and extracted from others based on your circumstances."

The lesson to be learned is to be modest. Every investor has a less comprehensive view of the world. The only way to get closer to reality is to be more open to the views of others.

2. DON'T COMPLICATE THE PROBLEM

Life is in our hands, let's do something different, invest with low cost and diversify our portfolio. Take a long-term view and be patient like the way compounding is. Successful investing is not a dream in paradise.

But investing is one of the few industries that it is more difficult to believe to succeed than to succeed.

Investors often think that the stock market is physics - where everything will operate according to the rules, just accurate measurement will be able to predict what happens next.

If you think like that, only smart people can accurately predict when the sun will rise in 5 months to be able to accurately predict how the Dow Jones will rise and fall in 5 months.

Therefore, investors often complicate things. They traded, cheated, sold this stock, bought another stock in the hope of getting higher profits than just sitting in one place and letting the market evolve on its own.

But things are overdoing: after a correction or active trading, the chance for long-term success will return to zero.

01/06/2020

12/24/2019

ALL THINGS YOU NEED TO KNOW ABOUT MUTUAL FUND? (PART 2)

4. Why Do People Buy Mutual Funds?

Mutual funds are a popular choice among investors because they generally offer the following features:
• Professional Management. The fund managers do the research for you. They select the securities and monitor the performance.
• Diversification or “Don’t put all your eggs in one basket.” Mutual funds typically invest in a range of companies and industries. This helps to lower your risk if one company fails.
• Affordability. Most mutual funds set a relatively low dollar amount for initial investment and subsequent purchases.
• Liquidity. Mutual fund investors can easily redeem their shares at any time, for the current net asset value (NAV) plus any redemption fees.

5. The Advantages and Disadvantages of Mutual Funds
Mutual funds have advantages and disadvantages compared to investing directly in individual securities. According to Robert Pozen and Theresa Hamacher, these are:

5.1. Advantages
Increased diversification: A fund diversifies holding many securities. This diversification decreases risk.
• Daily liquidity: Shareholders of open-end funds and unit investment trusts may sell their holdings back to the fund at regular intervals at a price equal to the net asset value of the fund's holdings. Most funds allow investors to redeem in this way at the close of every trading day.
• Professional investment management: Open-and closed-end funds hire portfolio managers to supervise the fund's investments.
• Ability to participate in investments that may be available only to larger investors. For example, individual investors often find it difficult to invest directly in foreign markets.
• Service and convenience: Funds often provide services such as check writing.
• Government oversight: Mutual funds are regulated by a governmental body.
• Transparency and ease of comparison: All mutual funds are required to report the same information to investors, which makes them easier to compare to each other.

5.2. Disadvantages
Mutual funds have disadvantages as well, which include:
• Fees
• Less control over timing of recognition of gains
• Less predictable income
• No opportunity to customize

6. The Benefits and Risks of Mutual Funds
Mutual funds offer professional investment management and potential diversification. They also offer three ways to earn money:
Dividend Payments. A fund may earn income from dividends on stock or interest on bonds. The fund then pays the shareholders nearly all the income, less expenses.
Capital Gains Distributions. The price of the securities in a fund may increase. When a fund sells a security that has increased in price, the fund has a capital gain. At the end of the year, the fund distributes these capital gains, minus any capital losses, to investors.
Increased NAV. If the market value of a fund’s portfolio increases, after deducting expenses, then the value of the fund and its shares increases. The higher NAV reflects the higher value of your investment.
All funds carry some level of risk. With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change.
A fund’s past performance is not as important as you might think because past performance does not predict future returns. But past performance can tell you how volatile or stable a fund has been over a period of time. The more volatile the fund, the higher the investment risk.

7. How To Buy And Sell Mutual Funds
Investors buy mutual fund shares from the fund itself or through a broker for the fund, rather than from other investors. The price that investors pay for the mutual fund is the fund’s per share net asset value plus any fees charged at the time of purchase, such as sales loads.
Mutual fund shares are “redeemable,” meaning investors can sell the shares back to the fund at any time. The fund usually must send you the payment within seven days.
Before buying shares in a mutual fund, read the prospectus carefully. The prospectus contains information about the mutual fund’s investment objectives, risks, performance, and expenses. See How to Read a Mutual Fund Prospectus Part 1, Part 2, and Part 3 to learn more about key information in a prospectus.

8. Understanding Fees
As with any business, running a mutual fund involves costs. Funds pass along these costs to investors by charging fees and expenses. Fees and expenses vary from fund to fund. A fund with high costs must perform better than a low-cost fund to generate the same returns for you.
Even small differences in fees can mean large differences in returns over time. For example, if you invested $10,000 in a fund with a 10% annual return, and annual operating expenses of 1.5%, after 20 years you would have roughly $49,725. If you invested in a fund with the same performance and expenses of 0.5%, after 20 years you would end up with $60,858.
It takes only minutes to use a mutual fund cost calculator to compute how the costs of different mutual funds add up over time and eat into your returns. See the Mutual Fund Glossary for types of fees.

9. Avoiding Fraud
By law, each mutual fund is required to file a prospectus and regular shareholder reports with the SEC. Before you invest, be sure to read the prospectus and the required shareholder reports. Additionally, the investment portfolios of mutual funds are managed by separate entities know as “investment advisers” that are registered with the SEC. Always check that the investment adviser is registered before investing.

12/17/2019

ALL THINGS YOU NEED TO KNOW ABOUT MUTUAL FUND? (PART 1)

To some investors (new and old), picking individual securities to invest in and manage can be risky. Enter mutual funds. With pros like additional security and lower risk, mutual funds are one of the hottest investment options out there. But before you jump in the collective pool, you need to know the cons. So, what actually is a mutual fund? How does it work? Is it right for you?

1. WHAT IS MUTUAL FUND?

A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus.

Mutual funds give small or individual investors access to professionally managed portfolios of equities, bonds, and other securities. Each shareholder, therefore, participates proportionally in the gains or losses of the fund. Mutual funds invest in a vast number of securities, and performance is usually tracked as the change in the total market cap of the fund—derived by the aggregating performance of the underlying investments. And, because the funds are diversified between stocks, bonds and other securities, they are usually lower risk than individual stocks or bonds.

Mutual funds are actually investments that kind of work like buying stock in companies. Investors buy shares into the mutual fund, which in turn gives them a claim to the fund's assets (the profits from the investments the mutual fund makes). So, the value of the mutual fund is contingent on the value of its portfolio (or collection of securities).

2. HOW DOES A MUTUAL FUND WORK?

When you invest in a mutual fund, a manager takes the public funds contributed into the fund pool and invests them in various securities, such as stocks and bonds.

The manager is typically hired by a board of directors and is often a part-owner in the fund itself. Fund managers will occasionally hire analysts to help them make investment decisions. Most funds will have an accountant who calculates the net asset value of the fund each day, which will determine the share price of the fund. Most funds also have compliance officers who keep up-to-date on regulations.

Once investors buy into a mutual fund, their money is used by the fund manager to invest in various securities with certain goals for risk and return in mind - like long-term growth or fixed-income. Some funds may be riskier than others, but in general, the structure of a mutual fund keeps risks relatively low.

Additionally, mutual funds only trade once daily and are often part of a 401(k) or an individual retirement account, IRA.

3. TYPES OF MUTUAL FUNDS

Mutual funds are divided into several kinds of categories, representing the kinds of securities they have targeted for their portfolios and the type of returns they seek. There is a fund for nearly every type of investor or investment approach. Other common types of mutual funds include money market funds, sector funds, alternative funds, smart-beta funds, target-date funds, and even funds-of-funds, or mutual funds that buy shares of other mutual funds.

• Open-End Funds: Most mutual funds are open-end funds, which means they can keep adding shares and don't have a fixed amount. So, they're bought and sold on demand. With open-end funds, the fund can continue issuing shares based on the NAV, or redeem shares when investors decide to sell.
• Closed-End Funds: A closed-end fund has a set number of shares that are traded among investors, just like stocks.
• Load Funds: Some mutual funds are considered load funds - meaning the investor has to pay a sales commission in addition to the NAV on the fund's shares when they invest.
• No-Load Funds: If a mutual fund does not charge a load, it's (astoundingly) called a no-load fund.
• Equity Funds: The largest category is that of equity or stock funds. As the name implies, this sort of fund invests principally in stocks. Within this group are various subcategories.
• Fixed-Income Funds: A fixed-income mutual fund focuses on investments that pay a set rate of return, such as government bonds, corporate bonds, or other debt instruments.
• Index Funds: Their investment strategy is based on the belief that it is very hard, and often expensive, to try to beat the market consistently. So, the index fund manager buys stocks that correspond with a major market index such as the S&P 500 or the Dow Jones Industrial Average (DJIA). This strategy requires less research from analysts and advisors, so there are fewer expenses to eat up returns before they are passed on to shareholders. These funds are often designed with cost-sensitive investors in mind.
• Balanced Funds: Balanced funds invest in both stocks and bonds to reduce the risk of exposure to one asset class or another.
• Money Market Funds: The money market consists of safe (risk-free), short-term debt instruments, mostly government Treasury bills. This is a safe place to park your money.
• Income Funds: Income funds are named for their purpose: to provide current income on a steady basis. These funds invest primarily in government and high-quality corporate debt, holding these bonds until maturity in order to provide interest streams. While fund holdings may appreciate in value, the primary objective of these funds is to provide steady cash flow to investors.
• International/Global Funds: An international fund (or foreign fund) invests only in assets located outside your home country. Global funds, meanwhile, can invest anywhere around the world, including within your home country.
• Specialty Funds: This classification of mutual funds is more of an all-encompassing category that consists of funds that have proved to be popular but don't necessarily belong to the more rigid categories we've described so far. These types of mutual funds forgo broad diversification to concentrate on a certain segment of the economy or a targeted strategy.