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What do you really know about mutual funds?
You've got nearly 7,000 mutual funds to choose from. If you don't have a handle on investment basics, you're courting disappointment -- if not disaster. See if you're ready to take on the market by yourself.
1.
When choosing a mutual fund, your main investment objective is:
Long-term growth.
Income.
Performance.
Sheltering income from taxes.
Any of the above.
2.
Services such as Morningstar do the following:
Serve as fund managers.
Track and rate mutual fund performance.
Sell mutual funds.
Give advice on where to invest.
3.
Bond prices generally tend to move in the same direction as interest rates. True or false?
True.
False.
4.
Net asset value is:
The market value of a fund's securities, minus expenses, divided by its shares outstanding.
The total value of securities in a fund.
The present value of your total net holdings in a fund.
5.
Net asset value is generally calculated:
Once a year.
Once a day.
Once a week.
Once a quarter.
Data providers
Copyright © 2009
Thomson Reuters
.
Click for Restrictions.
Quotes supplied by
Interactive Data
.
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