Approximately 63% of aspiring retirees in Singapore admit that they want to enjoy vacations and holidays when they retire. Unfortunately, retiring with enough savings is becoming more difficult to accomplish because of the high cost of living. Luckily, mutual funds are able to help. Mutual funds are an investment opportunity that, when done correctly, will allow you to retire more comfortably.
- What are mutual funds? This type of investment pools money from several investors to purchase securities, such as stocks and bonds. Mutual funds are typically managed by a financial planner, and the proper fund research must be completed before investing in them. This type of investment is beneficial because many mutual funds are low risk, and they allow you to easily withdraw your investment when needed. Before