For this week’s lesson, let’s start with the basics! Today we’ll cover the investment vehicle called mutual funds. So what are they? To put it simply, a mutual fund is an investment where lots of people pool their money together to invest in assets like stocks, bonds, money market, or other assets. These funds are operated by professional money managers and their goal is to invest the fund’s resources to earn money for the shareholders. That’s you when you invest in a mutual fund by buying their shares.
Now why should you consider investing in them?