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Invest Wisely: An Introduction to Mutual Funds
This site from the Securities and Exchange Commission (SEC) "explains the basics of mutual fund investing — how mutual funds work, what factors to consider before investing, and how to avoid common pitfalls." Includes discussions of advantages and disadvantages, different types of funds, and how to buy and sell shares. Also includes a glossary.
http://www.sec.gov/investor/pubs/inwsmf.htm
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