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Mutual Funds are nothing
more than a group of people pooling their money
for investment purposes.
Everything else that we see written about with
respect to mutual funds
is really just details about how to decide who we
should allow "manage" our
money and how we should keep track and reward
those that invest the money
for us.
Advantages of mutual funds
1. Diversification
2. Lower Transaction costs
3. Liquidity and divisibility
4. Better record keeping
5. Professional management
6. Marketing (reminds you
to invest!)
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