Are those mutual funds any good? Some friends of mine suggested me I should invest in mutual funds but don’t have any idea what they can be? Are they beneficial at some point or they can be a flaw? I did some research but I really need a clarification and maybe some tips? Are they worth investing?
First thing I want to point out is that your investment is not insured even if you have the name of the bank on it, so you are likely to lose your money. All mutual funds have lower investment returns than any other funds, so you better calculate before shopping. Mutual fund is a company that pools out money from investors to buy bonds, stocks, securities and other assets.
