Wednesday, December 14, 2005
It Pays to Know Your ABCs When Buying Mutual Funds
Time for a multiple-choice quiz.
Say you invest $10,000 in The Growth Fund of America, one of the most popular stock mutual funds in the country, and the fund returns an average of 8 percent a year compounded before all sales charges and expenses.
After 20 years, you will have: (a) $40,780 (b) $40,746 or (c) $39,860?
It Pays to Know Your ABCs When Buying Mutual Funds
Source: Sun-Sentinel.com
Say you invest $10,000 in The Growth Fund of America, one of the most popular stock mutual funds in the country, and the fund returns an average of 8 percent a year compounded before all sales charges and expenses.
After 20 years, you will have: (a) $40,780 (b) $40,746 or (c) $39,860?
It Pays to Know Your ABCs When Buying Mutual Funds
Source: Sun-Sentinel.com
Permalink posted by armandn @ 7:21 AM 
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