85. Mutual Fund Trailers – making money off mutual fund trailers requires a financial advisor license or licenses issued by FINRA.

If you have or can obtain the license, it is a way to generate a recurring income stream.

You can buy the interest in the mutual fund trailer from the financial advisor that sold it to a customer; the mutual fund company then pays you a fee each year that the customer leaves their money invested in the mutual fund.

As people move away from actively-managed funds with larger management fees to passive funds and ETFs, mutual fund trailers will almost surely decline over time.

However, they do not require a lot of effort and can be a cash cow (albeit a shrinking one) for some financial advisors.

Mutual fund companies pay trailers to financial advisors long after the mutual fund was first sold.

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