On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was triggered by a mix of overvalued markets, rising interest rates and panic selling amplified by computer-driven trading. The stock market recovered most of the losses soon, following intervention by the US Federal Reserve.
Explained: Investing in mutual funds? 10 key things to check to make better investment decisions
Mutual funds are popular investments. Investors should not only consider past returns. Defining financial goals is important. Assess risk appetite and investment horizon. Understand different