Chapter 11. The Devil Is in the Details, and Other Disconnects
In addition to problems with names and classes of shares, investors suffer other mishaps in trying to pick the right fund for them, or determining if they are exposed to more risk than they think.
Much important information about mutual funds is overlooked by investors, both in the aggregate and for individual funds. The devil really is in the details! Many investors do not, and really are not in a position to, pick up these details. To do so requires reading the prospectus and semiannual reports issued by the funds, going to Web sites of sources such as Morningstar, doing some research, and knowing in general what is going on.
Relative to our earlier discussion, reading the popular ...
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