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If you have a 401(k), IRA, or just about any other type of investment, chances are you hold shares in at least one mutual fund. But do you know exactly what a mutual fund is? Do you know how it works? And do you know how our recent economic situation will affect your mutual-fund investments?
In Mutual Funds for the Utterly Confused, Paul Petillo answers all of you investment questions. Using plain, jargon-free language and colorful
...Over the past decade, American investors increasingly have turned to mutual funds to save for retirement and meet their financial goals.
Mutual funds offer the advantages of diversification and professional management, but as with other investment, mutual funds come with risks, fees, and taxes. Mutual funds are not FDIC-insured—even if you buy through a bank. You can lose money investing in mutual funds, and there are more than 10,000 mutual
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