Jack and Mike was at a party in 2011 and the chatter is about to invest money and where they invest. Jack moaned about the interest rate, and Mike agreed that money in the bank was a lost cause. Assuming that the two relatively safe investment, preferably a stranger hearing this suggests that they invest in mutual funds in safety.
Invest money in mutual funds is on the list, where not to invest Mike, because he had lost a bundle in stock funds in the financial crisis. Jack was not too fond of money either, because its safe investment funds (money market) paid significantly less than 1% interest. Both felt helpless and uncomfortable, shaken and abroad through a type of fund. According to Mr. Know-it-all, one could invest in a relatively low risk to earn higher returns than the bank … and relax.
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