what is mutal fund please describe in full detail? ?

Question

what is mutal fund please describe in full detail? ?

Answer 1

A mutual fund is where people give money to a mutual fund manager to invest as the manager sees fit. Anybody in the public can get involved. Private funds that operate on the same principal are called hedge funds. Hedge funds allow for more secrecy since they don't have to share information with the public or even the SEC. Warren Buffet is probably the most famous mutual fund manager and one of the richest men in the world.