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Mutual Funds

Mutual Funds are nothing more than a group of people pooling their money 
for investment purposes. Everything else that we see written about with 
respect to mutual funds is really just details about how to decide who we 
should allow "manage" our money and how we should keep track and reward 
those that invest the money for us. 

Advantages of mutual funds 
1. Diversification 
2. Lower Transaction costs 
3. Liquidity and divisibility 
4. Better record keeping 
5. Professional management 
6. Marketing (reminds you to invest!) 

http://www.financeprofessor.com/mutualfunds/mutualfundsmainpage.html
 

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