Investing in mutual funds is convenient, but is it worth the price?
Mutual funds are big business; there are more than 10,000 mutual funds available to individual investors, each with its investment objectives, fees, risks, and benefits.
It’s easy to understand why. Mutual funds pool together resources from thousands of investors and invest in a variety of different assets. That gives investors exposure to diversification for a fraction of the price if they invested in the assets themselves.
Diversification is essential to a well-balanced portfolio, especially during a time of stock market uncertainty.