In just one generation’s time, mutual funds have become an inescapable factor in America’s financial picture. From fewer than 10 million mutual fund accounts in 1977, fund companies now report more than 135 million accounts--with more than 75 times the net assets! In that same time, the number of available funds has also skyrocketed, from just over 425 mutual fund companies to nearly 6,000, with risk/reward possibilities that are as widespread and perplexing...
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