What is a mutual fund for ?

Question

and how is it different than just a checking account? or a savings account?

Answer 1

investment that returns more than cash.  

managed by pros.

Answer 2

A mutual fund is an investment similar to buying stock.  It isn't an account you'd want to open for day to day transactions like checking or savings.  You'd put money in a mutual fund for it to grow over a desired time (the longer the better).  There can be fees associated with pulling money out, not making it ideal for daily banking.  But it has potential to grow very well.

Answer 3

1. for investing purpose

2. it promises  greater return and risk.

Answer 4

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GOOD LUCK