Why should i invest in a mutual fund? how do they work and more importantly, what are the benefits?

Question

please help!!

Answer 1

www.mfea.com

Answer 2

The work like stocks but keep you more diversified than you could on your own.  They monitor the individuals stocks moving in and out of them.  By buying a mutual fund you are joining a stock team so you can greater returns based on your volume.

Answer 3

don't invest in mutual funds. if they lose money... so do you. while guaranteed investment plans offer less interest they are a lot safer and you don't lose your capital if things go wrong.

Answer 4

Low risk, slow yield

Better for something long term like a college fund started for your kid as soon as they're conceived!

Answer 5

Mutual Funds are good because they almost always beat the return from a savings account over time (especially with the current ridiculously low interest rates). They work by investing your money in a wide variety of stocks, other than just one. They are generally considered a great long term investment to slowly grow your money for retirement, you definitely won't get rich quick though, as you can expect a 5-10 percent return per year.