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| | Fool.com: Mutual Funds -- Basics Introduction |
 | | Every mutual fund issues a prospectus, which is written in the driest, most confusing, boring, tedious language possible, but which somewhere describes the fund's investment policies and objectives, risks, costs (very important -- that's why we put it in bold), historical performance data, and various other legalese-encrusted tidbits. |
 | | Index funds are distinct from actively managed mutual funds in that they do not involve any stock picking by supposedly skilled professionals -- they simply seek to replicate the returns of the specific index. |
 | | Definitely, absolutely, without question, mutual funds should be embarrassed by their performance over the past couple of years. |
| www.fool.com /school/mutualfunds/basics/intro.htm (1088 words) |
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