<human>: What are the pros and cons of investing in a mutual fund?
<bot>: 
Pros:
 • Diversification – Mutual funds offer investors access to a wide range of investments, allowing them to spread their risk.
 • Professional Management – Mutual fund managers have years of experience and research that they use to make decisions about which securities to buy or sell.
 • Low Fees – Mutual funds typically charge lower fees than other types of investments.2

Cons:
• Lack of Control – Investing in a mutual fund means that you’re not in control of the specific stocks or bonds that you own.
 • Reduced Liquidity – Mutual funds can be difficult to sell quickly if needed, as there may be restrictions on when and how often shares can be traded.
 • Risk of Underperformance – Some mutual funds underperform compared to the market index due to poor stock selection or management decisions.