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GuideThe seven drawbacks of Mutual Funds

Introduction ―What are mutual funds? Are they right for you?

Mutual funds pool money together from many investors to invest in stocks, bonds, and other securities, which are professionally managed.

The accumulation of pooling assets has allowed mutual funds to be a cost effective way to diversify one’s portfolio. They also provide access to professional money management services that might not otherwise be available to some individuals. Although mutual funds are a good investment for some people, they may not be right for you.

Mutual funds can be a good starting point for smaller portfolios or new investors seeking professional advice. They provide individuals with automatic diversification, which can be extremely difficult to accomplish by oneself.

In Numbers

$1.42 Trillion

Mutual Funds in Canada hold $1.42 trillion worth of investments.

38%

That Mutual Funds approximately hold of Canadians’ wealth.

18,327

This is the current number of Mutual Funds that are available for Canadian investors to choose from.

In this guide

Here’s what you will learn:

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Final word

If you have a portfolio of $500,000 or more, it may be time to graduate from mutual funds to an investment strategy better aligned with your investment needs. Verus Financial has solutions to all of the downfalls that mutual funds come with.

Over the years, we have helped hundreds of families meet their investment goals and objectives. To learn more, please call us at +1 604 235 2919 or visit our website. We would welcome the opportunity to discuss the possibilities with you.