Start your application now and choose your investments.
Free online investment help is just a click away.
By definition, a mutual fund is an investment that lets you combine your money with several others, giving you access to a broader selection of securities than one person could on their own. With that pooled money, professional mutual fund managers buy a wide array of investments. Each mutual fund has specific investment goals that can range from current income to long-term growth.
Depending on the investing goal, the managers may purchase investments from one of the following broad asset categories:
Mutual funds in these categories can be broken down further to target specific investment types, such as dividend-paying stocks, international investments or long-term bonds.
There are several advantages to mutual fund investing, including professional management, investment diversification and convenience.
When selecting or evaluating a mutual fund, it's important to understand the mutual funds objectives and investment style. Additionally, you should consider your tolerance for risk and how much time you have to invest. These factors can help you determine if the fund is right for you and your situation.
Schedule a free, personalized consultation with one of our Investment Consultants
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.