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Mutual Funds
Well, I don't understand how they work. I mean, how do they make money? To me it seems like you buy into a mutual fund...let's say it is $10 per share. Now let's say 10 years later it is worth $15 per share. Haven't you not made any money until you actually sell it?
I'm 26 and want to start investing but I don't even know where to begin. I plan on starting a Roth IRA investing in some type of mutual fund.
Any knowledge you can pass on is appreciated.
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