Other Ways to Invest: Mutual Funds
Lesson summary:
Outsourcing investment to a money manager or group is recommended if buying individual stocks appears too risky and time-consuming. Mutual funds, which are corporations that pool capital from investors to create a diversified portfolio managed by professionals, are a common option. While mutual funds can be a viable alternative to individual stock investing, it’s essential to note that there are thousands of them available, and research is necessary to find a good manager. Therefore, investing in mutual funds is not necessarily an easy solution, but it is a potential area for investment.
