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so on mutual funds let me get something straight -- you can either purchase them through a broker or you can actually put your money in with the company?
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Correct, there is no need for a broker unless they are psychic. However, some funds have load fees (commissions), etc. Vanguard Funds is your best bet, for low cost and a variety of choices.
Here's a list of load funds verse no-load funds:
http://www.fundadvice.com/explode.html
Here's a list of the Vanguard Funds showing performance:
http://flagship5.vanguard.com/VGApp/hnw/FundsByName