A mutual fund is a pool of money contributed by many investors that is managed on their behalf by professional fund managers.
Mutual funds offer investors a wide choice of professional managed, diversified, liquid and affordable investments that can be conveniently purchased. Often the most difficult task is determining which mutual funds are most appropriate for you. A financial advisor can assist you in selecting the best mutual funds in terms of performance, risk, management team, and service.
Some things to consider are:
Professional Management Diversification, Liquidity, Affordability, Choice, Convenience, Dividend reinvestment, Investor Protection