Hello everyone!
Today we're going to take a look at Mutual Funds and how they work. Don't worry if you're not sure about what Mutual Funds really are, you're not alone. Hopefully we can help simplify and introduce the core concepts of Mutual Fund investing.
In the financial world things can seem confusing and hard to understand for those of us who have had little to no experience in this area before. Over the last 20 years investing in mutual funds has become very popular in American households; some estimates say around 80 million people are now a part of at least one mutual fund. Simply put, a mutual fund is a collection of money pooled together from sometimes thousands of investors into one account. Once the money has been "gathered together" so to speak, a mutual fund manager then begins to invest in stocks, bonds, money market securities, and a variety of other options in order to make money or "capital gains" that then benefit the investors.
Mutual Funds are a big part of the current investment market in the U.S. and play an important role in our economy. If you're like me, and find yourself interested in learning more about how to invest in Mutual Funds be sure to check out Mutualfundsbrokerage.com for more info.
That's it for now, be sure to check back next week for more info on how to invest safely with Seriously Safe Cash.
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Nice job 'This is NOT MY LIFE!' - I have a question about what constitutes a 'good' mutual fund. I currently am invested in a MF which has an annual fee of 1% - while this doesn't sound like much when my financial advisor talks to me it really amounts to $2500/yr as I'm in this fund at $250,000!!! I really think that I'm getting a sense that my Finacial Advisor is making money on the fund while I've heard of other funds which have much lower fee structures. An you give me 'ballpark' fee structures to look for that will help reduce my annual fees and still maintain the 'safe' money structure I have been struggling to build and keep? Thanks!
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