In

THIS POST back in August 2007, I shared several of the mutual funds that I own. A quick glance will reveal the name "American Funds" six times in my mutual fund portfolio. Why do I own them? Because they had great track records and lower ongoing management fees than most of their peer mutual funds.


Image borrowed from www.AmericanFunds.com

However, American Funds mutual funds are front-end loaded mutual funds. A load means that there is a sales charge to purchase a share of the mutual fund. If one is just getting started out, there is a 5.25% sales charge. This means that if you have a $100 bill to invest, only $94.75 will make it to the mutual fund. Which is annoying.

BUT, I still invested in American Funds' mutual funds because they simply had great track records.

So, as I was reading CNN's Personal Finance web site, I was very interested to read an article titled "

Text is Are American Funds A Good Buy? and Link is http://money.cnn.com/2008/03/18/pf/funds/Ask_the_mole.moneymag/index.htm?postversion=2008031910

Are American Funds A Good Buy?"

Very interesting.

By the way, I don't sell mutual funds or ANY investment product. I DO sell copies of my book, I Was Broke. Now I'm Not. I truly believe that the information in this book will help you take control of your finances and achieve financial freedom. You can purchase a copy via

Text is PAYPAL and Link is http://www.josephsangl.com/IWBNIN%20Book.htm

PAYPAL or

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AMAZON.

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