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Term of the Day: Mutual Fund

Author: David J. Kosmider (info)
Website: http://eidoan.com/
Posted: February 6th, 2007 at 8:00 am EST
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Pools of investment money managed by professionals in one fund. Small investments can be made and achieve the same diversification of the fund as larger investments in the fund. Mutual fund investors share in the gain or loss of a portfolio of stocks or other securities.

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