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What is an advantage of a mutual fund?

Updated: 8/20/2019
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12y ago

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There are good and bad advantages to having a mutual fund.

The good is that you pool your money with other people like yourself and diversify your holding. There is a professional fund manager to invest your money for you. The taxes from your investments are simplified for you.

The bad..... the fund manager gets paid regardless of their performance, the so-call professional fund manager is usually no better then just picking the S&P or DOW yourself. Fund managers seldom have your best interest in mind.

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