Playboy's Guide To Mutual Funds

Playboy's Guide to Mutual FundsThe 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 fun...