I’ve briefly touched on mutual funds in prior episodes when speaking on diversification and not keeping your eggs all in one basket... and mutual funds are a perfect place to get started with that concept. In short, a mutual fund is a company that pools money from numerous investors and places all the funds in varying securities such as stocks, bonds, as well as some other securities that we’ll eventually get to.
I’ve briefly touched on mutual funds in prior episodes when speaking on diversification and not keeping your eggs all in one basket... and mutual funds are a perfect place to get started with that concept. In short, a mutual fund is a company that pools money from numerous investors and places all the funds in varying securities such as stocks, bonds, as well as some other securities that we’ll eventually get to.