Stocks and Mutual Funds

I have started on investing in the mutual funds. I invested in FAMI thinking that it is better, at my current scenario to invest in mutual funds than in stocks. For one, I do not have the full know-how on this type of investment.  Aside from that, I do not have the time to fully invest in ensuring that my money will be fruitful with stock investing.

Here is what I think one should ought to know in investing into stock or mutual fund:

1. If you do not have the experience, go for Mutual Fund.
2. If you do not have the time, go for Mutual Fund.
3. If you are not risky, go for Mutual Fund.
4. If you are mature (in age :)), go for Mutual Fund.