The top 100 stock
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Thursday, January 7 2010 |
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- A Lipper report shows that while mutual-fund expenses haven't changed much in the crisis, fees are a different story (.pdf) - going up, to keep income from plunging along with the assets. Felix Salmon sees the lesson: Stop trying to beat the market and switch to index funds or ETFs; mutual funds are changing from a mass-market product to a niche for elderly investors.
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