My friend Keith works for a big mutual fund company and assumes I hate mutual funds because I "always write about the things we do wrong."
Congress didn't actually vote to end the confusion over mutual fund share classes last week, but it took a step that ultimately could go a long way to simplifying how investors buy and sell fund shares.
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The credo for how mutual funds are run should be "If better is possible, good is not enough." Instead, it seems to be simply "Good is enough."
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It is hard to believe that consumers are not taking advantage of every bit of relief offered by the government, but when it comes to a change that was made to the rules for 529 college-savings plans for 2009, it is clear either nobody noticed the news or nobody cared.
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