Mutual Funds Investopedia defines a mutual fund as "an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus." ( http://www.investopedia.com/terms/m/mutualfund.asp ). Various mutual funds are available to the defensive investor and these funds on average require a monthly contribution or a hefty lump sum. For graduates entering commerce a monthly contribution would probably be the safest option. If one has to follow the value investment methodology prescribed by the great Benjamin Graham, then it would be most appropriate for the defensive investor to invest in ...
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