In Part I of this book. I take you through the investing basics. If you don't understand the different types of investments that funds are made of, such as stocks and bonds, you won't fully understand funds. Part I defines and demystifies what mutual funds are and discusses what funds are good for and when you should consider alternatives.
Before you're even ready to start investing in funds, your personal finances need to be in order, so in Part I, I give you some financial house-cleaning tips. You also discover the importance of fitting mutual funds to your financial goals. After your finances are shipshape and you've identified your goals, you are ready to find out how to pick great funds, how to avoid losers, where and how to purchase funds, and how to read all those pesky reports (such as prospectuses and annual reports) that fund companies stuff in your mailbox. Part I touches all these bases.
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