Questions: True or False: If you're comfortable selecting your own stocks and bonds, you'll probably invest in a mutual fund to do so.
Transcript text: True or False: If you're comfortable selecting your own stocks and bonds, you'll probably invest in a mutual fund to do so.
Solution
Answer
The answer is False.
Explanation
If you are comfortable selecting your own stocks and bonds, you are likely to invest directly in those individual securities rather than through a mutual fund. Mutual funds are typically chosen by investors who prefer to have a professional manager select and manage a diversified portfolio of stocks and bonds on their behalf.