Mutual Fund - What is it?

Do you know what a mutual fund is? Is it time to learn some basics about finance? A mutual fund is pretty much you and thousands of other people taking your money and putting it into a bank account. An investment team of professionals comes. They take the money they invest for you, they make the buy and sell decisions for you, so you don't have to think about it. The goal is to grow your money over time. Their goal is to make you as much money over time because you have a team of financial professionals who take payment from the portfolio every year; this is called an MER management expense ratio. Now, this is not entirely a bad thing that you're paying somebody to make your investment for you, but it is always something that should be reviewed by getting the best returns possible for the ner that you have if you want to review your portfolio and see if you have the best product to meet your needs you can contact me if you enjoy this content, please consider like share and subscribe.