This kind of due diligence is necessary for understanding just what you are buying when you invest in a mutual fund or an ETF.

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When you invest in a mutual fund, you get a prospectus.

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Anyway, into his third cocktail or so, this guy, in the spirit of taking advantage of people unsophisticated enough to borrow at those rates, wondered if consumers could be persuaded to borrow against their Visa at 19.6% and to then invest in a bank-managed mutual fund, yielding in the single digits.

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