Need Advice on Mutual Funds
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carlye
Apprentice
Joined: 07 Aug 2007
Posts: 3
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 Posted: 01/29/08 - 09:44 Post subject: |
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| My sister talked me into getting account in a bank that deals with mutual funds, that is – our cash is used in some purposes with our allowance, as I understood, but it is still not very clear to me what kind of usage is that. I would like to get some information on what can I expect to happen with my money and is there anything to worry? Should I just take my money from that bank since it looks risky to me, now? |
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othelia
Apprentice
Joined: 18 Aug 2005
Posts: 5
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| Posted: 02/28/08 - 02:23 Post subject: |
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| It is not a bad thing, your sister saw an opportunity and she wanted you to be a part of that idea. They are investing, as I understood my brother, that kind of banks put money on another accounts and that way money increases, so that everyone can get benefit, including you. Maybe it’s not a bad idea for you to check your status from time to time, if you are worried. |
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