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Know mutual fund objectives before investing

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With thousands of mutual funds on the market, how can you choose the ones that are right for your individual needs? For starters, you need to know the objective of each mutual fund in which you plan to invest.

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Let's take a look at the investment objectives of some of the most popular types of mutual funds:

• Growth funds -- These funds invest in the stocks of growing companies, with the goal of providing investors with capital appreciation.

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