| Mutual Fund | |
 A security that gives small investors access to a well-diversified portfolio of equities, bonds and other securities. Each shareholder participates in the gain or loss of the fund. Shares are issued and can be redeemed as needed. |
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 The fund's net asset value (NAV) is determined each day. Each mutual fund portfolio is invested to match the objective stated in the prospectus. It has been shown in study after study that a majority of mutual funds fail to beat the market. Also, picking mutual funds purely on the basis of past performance usually does not work. |
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 Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds. When to Sell a Mutual Fund - Unhappy with your mutual fund's returns and thinking of investing elsewhere? Read this article first. The Truth Behind Mutual Fund Returns - Fund returns can be skewed dramatically by survivorship bias. Learn more so you won't be misled. Can You Pick the Winners at the Mutual Fund Track? - What do funds and racehorses have in common? In both cases, there's no surefire way to pick the one that will beat the rest. |
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