Investing in mutual funds without a broker. (no-load funds)(includes related article) (Cover Story)

From: Consumers' Research Magazine | Date: January 1, 1994| Author: Littauer, Stephen L.; Murdoch, Guy | Copyright information

There is no ideal investment for everyone, but mutual funds come close to meeting the test. The Investment Company Institute (ICI), an industry trade group, reports that 27% of U.S. households now own mutual funds, up from just 6% in 1980. Half of those households have an annual income of less than $50,000. Mutual fund shareholders have found that they can participate in an investment vehicle that provides professional management at relatively low cost, diversification, compounding ...

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