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How mutual funds work
A mutual fund is a company that brings together money from many people and invests it in stocks, bonds, or other securities.
(The combined holdings of stocks, bonds, or other securities and assets the fund owns are known as its portfolio.)
Each investor owns shares, which represent a part of these holdings. How to buy and sell shares
Some mutual funds can be purchased by contacting them directly.
Others are sold mainly through brokers, banks, financial planners or insurance agents. All mutual funds will redeem (buy back) shares on any business day and must send the purchaser the payment within seven days.
You can find out the value of your shares in the financial pages of major newspapers; after the fund’s name, look for the column marked “NAV.” How funds can earn money
Individuals can earn money from investments in three ways.
See FUNDS, Page 4
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