Dave recommends investing in mutual funds for at least five years because mutual funds are typically long-term investments with varying levels of risk. By holding onto a mutual fund for a longer period of time, you give it the opportunity to potentially grow and recover from any short-term fluctuations in the market. Additionally, holding onto a mutual fund for at least five years can help you avoid any early withdrawal penalties and potentially benefit from compound interest over time. Overall, investing in mutual funds for at least five years allows for greater potential growth and stability in your investment portfolio.
