absolutely correct
good financial planning is to have 0 debts,no investment is bereft of risk-risk is an inherent or rather integral component of any investment instrument be it bonds/equity.even the short term 91 day T bill which is the benchmark of risk free asset is vulnerable to sudden changes of interest rate however miniscule n insignificant that may be which will ultimatelly have an affect on the actual return on the investment

return and risk are inseparable,harping on the fabulous or incredible return without measuring the impact of the risk of those investment is a self fulfiling prophecy.in other words the emphasis should be on return vs risk rather than just on the return

cost of mutual funds
many forummers mentioned that switching funds within xxx company is free or does not incur any cost .however,when you sell A fund to buy B fund the hidden cost will rear her ugly head and surreptitiously lower your expected return assuming that you do make the right bet.when you sell fund A,the mutual fund co. will be quoting the lowest/share NAV of the day (in the course of a normal trading day shares fluctuates within a 1% range) and when you buy its the exact opposite(highest nav ie 1% ) in other words its 2% of your monies

anyway stocks/equity fund are extremely volatile investment vehicle in the short term and delivers spectacular return and rewards in the long run to those who have the patience and can stomach the undulating rides