03/14/2009 05:12 am ET Updated May 25, 2011

Investing Tips For Teens, Young Adults

A year ago, I set out to teach my college-age daughter a little bit about long-term investing by helping her open her first retirement account.

Great timing, huh?

The huge stock-market decline was bad enough -- but it was just one of the unexpected and disappointing lessons we learned about how the mutual-fund business treats small, first-time investors. The choices were spare and the costs were high, even though young savers should be attractive customers who are likely to add to their accounts for decades.

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