Most people worry about how to manage their money. This is because of the abundance of investments opportunities and their advertisements that bombard people every day. All these can confuse because what you read in the advertisements will be different from what you read in the fine print. But did you know that you can invest your money and have experts professionally manage it for you? Services like these do exist and they are called Mutual Funds. Almost all banks offer such services.
What is a Mutual Fund? – A mutual fund is a company or a bank that collects money from many investors and invests in securities such as stocks, bonds, gold, real estate, and short-term debt. In other words, this is a common pool of money in which investors put in their contributions. This collective amount is then invested by financial experts according to the investment objective of the fund. These funds are actively managed and operated by money managers or fund managers, who with their expertise attempt to create growth or appreciation of the amount for investors.
Why buy mutual funds? - Mutual funds are popular among investors because of the following features.
Professional Management - The fund’s financial experts or managers will research for you. They select the securities and monitor the performance. This means you do not have to monitor the growth of individual companies and buy/sell their stock to earn profit.
This story is from the February 2022 edition of Self Improvement International.
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This story is from the February 2022 edition of Self Improvement International.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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