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June 27, 2008


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Heh. A mutual fund company advising people to sit tight. Now there's a surprise.

It is a surprise; mutual fund companies make money when inverstors trade frequently (even no-load funds charge redemption fees for short term trades)

@Santos: But they stop making money if you pull everything out of their fund and put it into something else. They'll make more if they keep you as a customer than they will if they lose you altogether.

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