You're just starting to get into investing now and have some old "legacy" mutual funds sitting in your account from way back when. What should you do with them?
Your mother calls and asks you whether she should keep the mutual fund that she owns...
For the past forty years, if you wanted to buy a diversified portfolio for retirement, your search pretty much started and ended with a mutual fund.
From 1975 to 2007, the total assets in mutual funds increased from $37.5 billion to $6.4 trillion,...
It would be foolish to go shopping for a new automobile without understanding the basic difference between a sports car, an SUV, a pickup truck, and a minivan. Yet many people today do go shopping for investment funds without really understanding the categories available to them. This article surveys the investment landscape and looks at what mutual funds, hedge funds, ETFs, and private-equity funds actually are.
