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Prime funds offer good service and provide easy-to-read quarterly statements. Mike’s were challenging to know. He couldn’t even tell at a search what his investment in mutual funds was worth. Mike was both right and wrong. No, his salesman do not take money out of his account, directly. The fund company did it for the boy. Yes, it was fair to mention that these were unable good investments, and NOT the top funds available from the INVESTOR’S point of view. Both were stock funds, and Mike had lost profit in both in the first place.