10/13/2015 A mutual fund is a type of professionally managed investment fund that pools money from many investors in many collective investment vehicles that are regulated and sold to the general public. The main idea behind this type of fund is to diversify your assets into a greater number of stocks, bonds, bills, etc. so you can lower the risk of being invested in too few positions and augment your chances of getting higher returns.
Mutual funds are the engine behind all registered and non-registered investment plans (RRSP, TFSA, NRSP, RDSP, LIRA, etc.) so it's crucial to have a professional examine and compare them to make sure they are still the best choice for you. A good Mutual Fund Sales Representative will call you at least once every year to set up an appointment and check on the progress of your fund and how it's doing in the markets.
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