Yes, mutual funds are some of the safest investments available.
While there is no 100% risk-free investment, mutual funds are a relatively safe form of investment, this is due to many factors but the
- Mutual funds are managed by professionals: when you invest in a mutual fund, a manager takes your money and invests it into options that fit your comfort level.
- You have a more diverse portfolio: because your investments are in multiple options, there is less risk of you taking a fall if one of those fails in the market
- Regulation: mutual fund companies are regulated by provincial commissions and mutual fund dealers are regulated by independent bodies.
Learn more about how safe your mutual funds are.