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Unformatted text preview: N. Sheflin INVESTMENT GAME Round 3 Mutual Funds Pool your Funds with others, get professional management and diversification, and if you are not smart, under perform the market with mutual funds. IN INVESTOPEDIA , http://www.investopedia.com/university/ look at the sections on: Mutual Fund Basics (beware of cookies). Also, exchange traded funds and hedge funds at: http://www.investopedia.com/articles/mutualfund/08/hedge-fund.asp Perhaps Baruchs Introduction at: http://www.baruch.cuny.edu/tutorials/mutual/ Answer the questions at the end of this document out loud to your roommate, best friend or dog. In VIRTUAL STOCK EXCHANGE buy $10,000-$40,000 of one or two or three stock mutual funds. There are many families of funds: Vanguard, Fidelity, Alliance, Janus you can read about each at their websites (search with google www.fidelity.com , www.vanguard.com , etc). Note that although the game has you choose a number of shares to buy, generally, you buy a dollar amount, and the fund divides that amount by the price of a share in the fund (the NAV)...
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- Fall '09