Mutual funds
... the newspaper listing), the investment value of each share. The net asset value is calculated each day by dividing the total value of the investments by the number of shares. This is how you calculated the value of the shares of your investment club. You may also sell your shares in an open-end mutual any business day and receive the NAV. There were about 6,000 mutual funds in early 2003. More Americans invest through mutual funds than by any other investment method. There are stock mutual funds, bond mutual funds, stock and bond mutual funds and money-market funds. There are mutual funds that specialize in almost any type of stock or bond. Some mutual funds which are called index funds buy the stocks that allow investors’ returns to match a particular index. Index funds can provide more diversification than actively...