Mutual funds are professionally managed and own stocks in a diverse range of companies and sectors. They offer a low risk investment and represent a safer bet for investors looking to grow their money over time.
Investing in mutual funds is a good choice for you because you don’t have the time or the inclination to analyse the market and select stocks for yourself. It’s not about the excitement of high risk and high returns for you, you just want your investment to provide a relatively safe return over time so that you can enjoy your retirement. In the meantime, you’re far too busy dealing with everyday life to manage it yourself so you’re happy to hand it over to the professionals.