mutual fund, by its very nature, is diversified -- its assets are invested in many different securities. Beyond that, there are many different types of mutual funds with different objectives and levels of growth potential, furthering your chances to diversify.
             Mutual Fund Pricing and Trading Systems
             A basic principle of mutual fund investing is the concept of "forward pricing." Mutual funds are required to price their shares at least once a day, at a time designated by the fund's board of directors and disclosed in the fund's prospectus. Most funds price their shares at 4:00pm Eastern time, the close of regular trading on the New York Stock Exchange. All purchase and redemption orders received by a fund or its agents before 4:00pm must receive that day's price. All orders received after 4:00 pm must receive the next day's price. The requirement that a purchase or redemption order be priced based on the fund's net asset value (NAV) next computed after receipt of the order is known as the "forward pric
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