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Article: Mutual Funds an Attractive Investment, But Choosing One Can Be Difficult.(Originated from Grand Forks Herald, N.D.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 10, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GRAND FORKS, N.D.--Jun. 9--Investing your money can be an intimidating experience. People wanting to play the stock market may not think they have the knowledge of when to buy and sell.
That's where mutual funds come in.
In the simplest terms, mutual funds allow people to invest their money without the everyday management of their portfolios. That is done by mutual fund managers, who pick groups of stocks, or mutual funds, to put their client's money into.
Sounds easy, right? But wait a second, there are different types of mutual funds and many different mutual fund companies on the market.
According to statistics from the Investment Company ...