Understanding odds and a fair payout are vital to prudent mutual fund selection.

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For instance, 401(k) investors are limited, in most plans, to a selection of mutual funds.

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They would then invest the money in a well-vetted selection of mutual funds.

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Three things matter in the selection of a mutual fund: Cost, risk and performance.

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The plan offers you a broad selection of inexpensive index funds and ETFs, not just pricey active mutual funds.

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