Chapter 5. Why Do Investors Own Mutual Funds?
For most investors, the case for mutual funds rests on the perceived advantages they offer. People buy and own mutual funds to receive these advantages, which include the following:
Convenience.
Diversification.
Professional management.
Favorable costs.
The convenience of mutual funds is an important advantage. Very simply, they offer an easy means of pursuing investing goals. There are numerous types of mutual funds that can easily be bought and held. Paperwork requirements are minimal, and little knowledge is needed to become a mutual fund owner and gain access to the conveniences that these funds offer investors.
Investors have various goals when investing, such as capital appreciation or steady income. ...
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