Article: Mutual Funds: Are You Paying Too Much?
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Mutual Funds: Are You Paying Too Much?
If you think mutual fund performance is the whole story, watch out! You could make a very expensive mistake by not considering the costs of a mutual fund! The lower a fund?s costs, the higher percentage of your fund?s real return you receive. You can control what you pay to invest by selecting low cost mutual funds.
Mutual fund costs come in two flavors:
1) Shareholder Fees
You pay these fees directly out of your own pocket to purchase, redeem, or exchange shares. The following shareholder fees will appear in the ?Fee and Expenses? section of a mutual fund?s prospectus:
Sales Charge on Purchases -- Also called a ?Load?, this fee is expressed as a percentage of the dollars invested
Purchase Fee -- Usually replaces th...
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