A mutual fund is a large pool of money that several people put together, and that is usually invested in stocks and bonds by a financial expert. Anyone can invest in mutual funds. A Wharton graduate named Peter Lynch used to manage $14 billion in his mutual fund. Since Peter was known to be a very good mutual fund manager, people who had money invested in his mutual fund did not have to worry about their investments every day.
- Portfolio Managers: The Challenge Is Picking More than One Winning StockWith a sea of stocks from which to choose – close to 9,000 – portfolio managers have a daunting task making investment decisions for individual and institutional investors. While some managers claim to know the secret to stock-picking success -- experts say that, in the end, it is all about choosing lots of modest climbers rather than one shooting star.
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