What are Mutual funds?

“Mutual fund investors, too, have inflated ideas of their own omniscience. They pick funds based on the recent performance superiority of fund managers, or even their long-term superiority, and hire advisers to help them do the same thing. But, the advisers do it with eve...

They are all basket of assets you are trading in bulk:

• Mutual funds are actively managed, meaning their fees are rather high.
• Index Funds are just tracking a segment of the market. Low fees but are only priced once a day. It's the preferred pas...

When you buy mutual funds, you are charged a purchase fee upfront. This is a one-time payment to the fund management institution. Annually, you will be charged with a percentage of management fees, commonly known as “expense ratio”, which can be expensive.

Beware when advisors...