Mutual Fund yields far higher interest rates compared to bank deposit rates. Historically, stock market has out-performed both short and long term bank deposit rates. Unfortunately, not all people know about this effective financial management and diversification. People failed to realized that we are living in fast changing world. They think that the financial solutions their grand parents used before is still applicable today.
Absolutely wrong. Why ?
Before the 20th century, like 1970's or 1980's. Time deposit in banks were still higher around 8% to 12% so their parents used that vehicle of investments but the world is changing, time deposit now in banks is only around 4 percent. That is below the average yearly inflation rate. | |
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Through mutual funds, small investors or you can also participate in this high yielding investment instruments without a headache of personally selecting and monitoring a portfolio.
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| Mutual funds are ideal vehicles for growing money over time. It can be used as a savings medium for retirement, education for a child, or building up a long-term cash fund for some specific financial objective in the future. | | | |
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