09 Can mutual fund performance be guaranteed?
Description
This article is from the FAQ, by with numerous contributions by others.
09 Can mutual fund performance be guaranteed?
No. As many funds state, past performance is no guarantee of
future results, and the fund shares are not backed or guaranteed
by the FDIC or other government agency. Note that while some
funds buy government backed securities, that is not the same as
backing the market value of the fund shares.
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