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Mutual Funds are a financial product designed to let the average person participate in the investing world. Because few of us can afford to purchase a large array of stocks and bonds needed to diversify - and keep your portfolio safe - mutual funds do it for us. Instead of buying stocks and bonds, we can buy units of mutually-held investments in a fund run by a professional manager. Because the fund spreads its investments out over numerous, sometimes hundreds of investments, it is not subject to the extreme ups and downs of individual stocks or bonds.
Of course within the mutual fund industry, there are hundreds of choices. There are conservative funds and risky funds, domestic and international funds and funds that are composed of other mutual funds. Let Canoe/Money help you make your choice.
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