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When a problem comes along, you must skip it. When something's going wrong, you must skip it. Skip it! SKIP IT GOOD! (...Unless you have extra time at the end, in which case you should go back to it and also consider using Process of Elimination.)

Fund Basics – Types and Terms

Dashboard > Chapter 14: Finding the Fun in Funds > Fund Basics – Types and Terms

Fund Basics – Types and Terms

Mutual Fun(ds)

Here's the basic idea behind mutual funds. It is risky to put all your eggs in one basket. Investing carries the same idea.

If you invest all you own in one company, and that company goes bust, that's going to be...a problem. Especially if you're planning to retire soon. So what's the right solution? The answer is "diversification".  For the Seven, you don't have to delve into the mathematics behind it, but diversification can reduce your overall portfolio risk. In fact,...

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