Dear Mr. Berko: I want to buy $20,000 worth of Treasury Inflation Protected Securities. But when I called my broker, he wanted to sell me a mutual fund that owns TIPS. I want to avoid paying a 5 percent commission and annual management costs of 0.75 percent, both of which would reduce my yield. I just want the plain TIPS and not shares of a fund that manages them. I asked why I need to have a managed TIPS fund if all I want to do is hold them in my account for 10 years or so. But this broker ...

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