What are Mutual Funds?
A mutual fund is a type of investment that pools together stocks, bonds and other financial products.
It is managed by a finance professional and gives you access to a number of different investment possibilities.
Why Invest in a Mutual Fund?
A diverse portfolio holds much less risk than “putting all your eggs in one basket” like you would with the purchase of stock in a single company.
With a mutual fund, if one company is performing poorly, there is a good chance that other companies in the fund are performing well.
A fund manager monitors the account and works toward keeping it balanced for steady growth. Mutual funds are a popular choice for those who wish to invest in their retirement.
Mutual Fund Options
There are many mutual fund options to choose from. You can invest in different types of companies, such as technology, fast food, entertainment etc. – or invest in different countries or products overseas.
You can also select mutual funds that match your investment style. There are funds with high risk, low risk, and funds that meet the needs of short and long term investors.
Curious to Learn More?
You can learn more about mutual funds and the investment strategy that would work best for you by enrolling in a Teach Me Wall Street – Investing & Trading Boot-Camp.
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