What is a Mutual Fund and How Does It Work? Think of a mutual fund as an investment company that pools the money of people just like you for one common reason -- to make more. Not all pots of money, though, are alike. Each mutual fund has its own strategy and investment objective for making money. It's up to you to select the right mutual fund for you based on your own needs. There …showed first 75 words of 1567 total…

…showed last 75 words of 1567 total…least keeps pace with rising prices. Chapter 5 discusses this further. 9.Know when to sell your mutual funds. Chapter 16 explains ways to evaluate how a fund is doing. You'll learn when to get rid of a mutual fund that's a lemon. 10.Invest to beat the tax man. Take advantage of an Individual Retirement Accounts (IRAs) and other tax shelters. Chapter 22 discusses how you can make tax-deductible contributions and watch your money grow tax-free until you retire