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People often select mutual funds for all of the following reasons except which one?
Multiple choice question.
They have plenty of money to diversify on their own.
They lack the expertise to select stock on their own.
They want a professional investment manager selecting their investments.
They want a larger return than a savings account.

Respuesta :

abiolataiwo2015

People often select mutual funds for all of the following reasons except: A. They have plenty of money to diversify on their own.

What is  mutual funds?

A mutual fund  can be defined as the way in which a company or an organization tend to collect money from several investors and then use the money to buy  to buy securities such as:

  • Bonds
  • Stock etc.

People often select mutual funds because of the following reasons:

  • Due to  lack of expertise to select stock on their own.
  • Because they  want a professional investment manager selecting their investments.
  • Because they want a larger return than a savings account.

Therefore the correct option is A.

Learn more about mutual fund here:https://brainly.com/question/4521829

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