People often buy mutual funds when they lack enough money to diversify their investments among several stocks.
A mutual fund can be described as the company that pools money from many investors as well as invests the money in securities.
It should be noted that this securities can be stocks, bonds, and short-term debt however the combined holdings of the mutual fund can be regarded as as its portfolio which the Investors buy shares in mutual funds.
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complete question:
people often buy--------------- when they lack enough money to diversify their investments among several stocks.
