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FOLITIC / Mutual Funds
Understand how mutual funds work, compare their costs and risks, and build a disciplined investment process. Follow eight stages from pooled ownership to portfolio construction and ongoing research.
Start with What you own when you buy a mutual fund, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
Cash flow timing · All lessons
Separate investment results from cash flows and compare returns fairly.
Intermediate
Your personal investment result depends on when money enters and leaves the fund. The fund's published return describes its investment performance under a stated convention, not...
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