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What is a Mutual Fund

By Joshua Kennon, About.com

Question: What is a Mutual Fund
Answer: Put simply, a mutual fund is a group of individual people, companies, and other organizations who pool their money together to invest. A "Fund Manager" is hired and paid to invest the cash that the investors have raised. The goal of these managers is to beat the Dow Jones Industrial Average or the S&P 500 in a fiscal year (very few funds actually achieve this.) Read more...

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