When you invest in mutual funds, you hire professional managers to manage your money. Of course, these money managers charge a fee for their services.

The advantage of investing in mutual funds is diversification, which means that you don't put all of your eggs into one basket. For example, with a small amount of money, you can buy shares of stocks in only one company. If you invest in mutual funds, you will own shares of hundreds of stocks or bonds in many companies because mutual funds pool money from lots of investors and purchase many different types of investments.

You will learn to compute share prices and the return on mutual funds. Later on you can apply this knowledge to invest wisely in mutual funds and to save for college education expenses using the college fund calculator.

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