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Mutual Fund
An investment that re-distributes your contribution of monetary funds into a variety of stocks, bonds, money market accounts, or other types of investments, allowing you to diversify your money and cut down on risk. If you do not want to spend a great deal of time learning how to invest, a mutual fund is a way for you to leave the investing to professional investment managers in exchange for fees.

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Stacy says:
July 30, 2010 on How Banks Prey On Their Customers