Tuition Rewards can be redeemed as discounts off the price of tuition at over 200 participating private colleges in 33 states.
Wheaton, IL (PRWEB) January 25, 2008
The Monetta Young Investor Fund has launched a new website at http://www.younginvestorfund.com. All visitors that enroll in the Tuition Rewards Program will receive the equivalent of $500 in college tuition credits; no investment is required.
"It's great to offer families another incentive to start investing for their children's future," said Robert S. Bacarella, Monetta's president. "Tuition Rewards can be redeemed as discounts off the price of tuition at over 200 participating private colleges in 33 states."
Investors in the Young Investor Fund can accumulate additional tuition credits, based on their account balance at no additional cost. The Young Investor Fund is a kid-themed mutual fund that strikes a balance between investing, learning and fun.
An account can be opened with an initial investment of $250, with the establishment of an automatic investment plan* of at least $25 per month.
For additional information about the Monetta Young Investor Fund visit http://www.younginvestorfund.com or call 1-866-YNG-INVESTOR (964-4683).
*An Automatic Investment Plan does not assure, and does not protect against, a loss in declining markets. Such a plan involves continuous investment in securities regardless of fluctuating price levels and investors should consider their financial ability to continue purchases through periods of low price levels.
Monetta Financial Services, Inc. is the investment advisor to the Monetta No-Load Mutual Funds. It is the sponsor of a college saving program that includes college Tuition Rewards/Credits, student scholarships, financial literacy program and incentive driven college savings plan.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-Monetta, or visiting http://www.monetta.com. Read it carefully before investing.
Limiting the purchase of individual stocks to companies that produce products or provide services that are recognized by children or teenagers may be a risk if this sector underperforms, which can be significantly affected by the performance of the overall economy, interest rates, competition, consumer confidence and spending, and changes in demographics and consumer tastes. The portion of the Fund that invests in underlying ETF's that track the Index will be subject to certain risks which are unique to tracking the Index. By investing in ETF's, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. Please refer to the prospectus for further details. All investments, including those in mutual funds, have risks and principal loss is possible.
While the Funds' are no-load, management and distribution fees and other expenses may apply.
Tuition Rewards are remitted solely as a reduction from the college's full tuition bill and are not awarded in cash. Tuition Rewards are not taxable and do not affect Federal financial aid eligibility. Tuition Rewards are administered by SAGE Scholars, a college savings plan founded by the former dean of admissions & financial aid at the Wharton Graduate School, University of Pennsylvania. Participating college's or universities may individually impose rules and regulations governing the use of these rewards. For further information about SAGE and a complete list of participating colleges, please visit http://www.tuitionrewards.com. By enrolling in the SAGE Scholars Program, you become a "sponsor". A sponsor must identify designated students ("beneficiaries") at least two years before beginning college; a sponsor can support multiple students from the same family. Children, grandchildren, stepchildren, nieces and nephews are eligible. A designated student may receive Tuition Rewards from multiple sponsors. Tuition Rewards are applied evenly over a four-year undergraduate education and accumulate semi-annually, equal to 2.5% of the sponsor's account value on June 30 and December 31 of each year. Each student can apply "up to" a maximum of 25% per year of the participating college's current annual tuition cost. Participating colleges reserve the right to send admissions information to designated students once they reach high school age. Colleges reserve the right to blend Tuition Rewards into a total financial aid package offered to admitted students, and participation in the Tuition Rewards Program is not a guarantee of admission.
Distributed by Quasar Distributors, LLC.**