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The main reason I do not like investing in mutual funds is that you have no control of the companies the fund chooses to invest in. I can do a LOT better with my specific picks than have some overpaid financial advisor play with my money. It makes a huge difference if you are investing your own hard-earned money. The players that be at most mutual funds have no problem increasing the risk with other people's money. Why not, what do they have to lose? Also, with all the monekey business that the Fed, Treasury and the major financials are playing, who's to say that they won't change the rules about IRAs to benefit them? In these times of uncertainty and unfair politicking, I would rather risk my future with me.
By Eileen
