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by (120 points)
The superior funds offer good service and provide easy-to-read quarterly statements. Mike's were a challenge to know. He couldn't even tell at auto insurance what his investment in mutual funds was worth. Mike was both right and not right. No, his salesman didnrrrt take money out of his account, directly. The fund company did it for the child. Yes, it was fair to mention that these were unable good investments, and NOT the top funds which is available from the INVESTOR'S point of view. Both were stock funds, and Mike had lost cash in both right away.

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