One type of mutual fund does not endeavor to achieve the goals of a balance of bonds and stock or growth, income, and stability- Instead, it focuses on personal characteristics, such as age and risk tolerance, and your position in the financial life cycle- This is the

Why Invest in Mutual Funds?
A mutual fund provides diversification through exposure to a multitude of stocks. The reason that owning shares in a mutual fund is recommended over owning a single stock is that an individual stock carries more risk than a mutual fund.