Why I Won't Buy This Simple and Popular Fund Type

Although I invest a lot of money for retirement, I'm not very interested in spending time building the perfect portfolio. I own very few individual stocks, I don't enjoy researching companies, and I don't like keeping close tabs on what my investments are doing. 

Despite this, there's one type of investment that I'll steer clear of even though it might seem -- on the surface -- like the perfect choice for my needs. 

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Source Fool.com