A Mutual Fund Checklist Mutual funds are NOT guaranteed or insured by any bank or government agency. Even if you buy through a bank and the fund carries the bank's name, there is no guarantee. You can lose money.
Some types carry more risk than others.
Understand that a higher rate of return typically involves a higher risk of loss. Past performance is not a reliable indicator of future performance. Beware of dazzling performance claims. ALL mutual funds have costs that lower your investment returns. You can buy some mutual funds by contacting them directly.