Costly Decisions

How to avoid the hidden costs of mutual funds

 Did you ever take a close look at your phone or cable bill? You see a litany of charges that come atop your monthly fee—surcharges, taxes, this fee, that fee, and on and on.If you own an actively managed mutual fund, one where managers buy and sell securities in attempts to outperform the markets, you’re paying a similar plethora of charges. But unlike your cable or phone company, your fund company doesn’t clearly list all charges for you...

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