Mutual Funds Direct, LLC was founded in 1988 by Charles W. Schwab and John D. Hancock. Together, they decided to launch a mutual fund that would focus on stocks, and not bonds, and were successful with their first product. In the years since, they have been successful in launching many others. Their stock portfolio, though, has changed very little from their original formula. In fact, it is their low expense index mutual funds that are…
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