Mutual Funds

Hello there! I really want to understand more about mutual funds. My friend is investing about it and he doesn't seem to explain it to me. Any inputs here?

Btw, I don't know where else to put these so it's ok if the admin moved this.
 
Are you familiar with Google? It takes about 5 seconds to type in "mutual fund" and get a wealth of information on them.
 
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