No Fee No Loads From, Yes, Brokers

No-load mutual funds appeal to do-it-yourselfers, who can buy directly from fund-management companies and save on the "load"--a sales fee levied by brokers. The drawback of the no-loads is that, in buying funds from more than one company, you have to deal with each separately. And the paperwork can pile up. Each fund generates its own statements.

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