"If the mere mention of the phrase mutual funds has your eyes glazing over with confusion, you’re not alone! We’ve all been there. But the good news is that they’re not as complicated as you may think. With the help of an experienced professional, mutual funds are a great way to invest for your retirement.
What Is a Mutual Fund?
Over 200 years ago, a Dutch merchant had an idea that would change the financial industry as the world knew it.(1) By pooling money from different sources, he created what many believe was the inspiration for the world’s first mutual fund. All of a sudden, the average person with limited resources could invest with much less risk thanks to the "strength" of the diverse investments.
Today, nearly $17.4 trillion of assets like stocks, bonds, cash, and money market accounts are held in mutual funds—professionally managed investment portfolios that allow investors to pool their money together.(2) Each mutual fund is made up of shares that represent holdings in various businesses—things like stocks from your favorite technology, health care and automobile companies.
Mutual funds have proven to be a great option for retirement investing. You don’t have to have a lot of money to get started, and—thanks to their diversity of investments—you can invest confidently because all of your retirement eggs aren’t in one basket!"
https://www.daveramsey.com/blog/what-are-mutual-funds
What Is a Mutual Fund?
Over 200 years ago, a Dutch merchant had an idea that would change the financial industry as the world knew it.(1) By pooling money from different sources, he created what many believe was the inspiration for the world’s first mutual fund. All of a sudden, the average person with limited resources could invest with much less risk thanks to the "strength" of the diverse investments.
Today, nearly $17.4 trillion of assets like stocks, bonds, cash, and money market accounts are held in mutual funds—professionally managed investment portfolios that allow investors to pool their money together.(2) Each mutual fund is made up of shares that represent holdings in various businesses—things like stocks from your favorite technology, health care and automobile companies.
Mutual funds have proven to be a great option for retirement investing. You don’t have to have a lot of money to get started, and—thanks to their diversity of investments—you can invest confidently because all of your retirement eggs aren’t in one basket!"
https://www.daveramsey.com/blog/what-are-mutual-funds