CHAPTER 6
Mutual Funds—The Basics 쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆쏆
“The things that come to those who wait may be the things left by those who got there first.”
Do I Need to Read This Chapter? • Am I thinking about getting started in mutual funds? • Is there a way around price fluctuation in the mutual fund arena? • Do mutual funds have advantages over direct stock purchases? • What key factors should I examine when evaluating individual funds and families of funds? • What are the different kinds of stock-based mutual funds? • What are the different kinds of bond-based mutual funds? or the past seven years in this new century, we have experienced stock market record-breaking rises and stock market plunges that today are still causing anxiety among investors. If you feel uncertain about the market but would like to take some active part, a mutual fund may be ideal. In 2006, investors added their 10 trillionth dollar to mutual funds up from 3 trillion just 10 years earlier. This country’s 80 million baby boomers are coming close to their retirement years, and mutual funds are the most popular investment for savings during retirement.
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