Part 1. Background
In this introductory set of chapters, we consider the role of mutual funds in today's investing environment, learn just how popular mutual funds have become, and consider why investors have chosen to put so much money into funds. Clearly, mutual funds are a major financial asset for numerous investors, and in many ways they play the dominant role in today's investing world for millions of households.
We also review the basics about mutual funds, defining terms and discussing the mechanics about how funds work. When you have a good understanding of how funds operate, you will be able to evaluate them objectively in Part 2.
We also consider briefly why consumers need to critically evaluate mutual funds and consider other alternatives. ...
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