Playboy's Guide To Mutual Funds

June, 1969

The Mutual-Fund business came of age last summer when a New York industrialist purchased $7,000,000 in mutual-fund shares. This transaction (which, incidentally, generated about $75,000 in commissions for a happy Long Island fund salesman) epitomized a trend that Wall Street insiders had already noted: Big money, not just small change, is flowing into mutual funds. When very rich people make an investment, the rest of us should take notice.Traditionally, mutual funds have been the bailiwick of t...

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