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What Is a Mutual Fund? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Buying a mutual fund is a lot like going in on a group gift or joining a co-op--with people you'll never meet. Mutual funds allow a group of investors to combine their cash and invest it. By pooling their money together, mutual fund investors can sample a broader range of stocks or bonds than they could if they were trying to buy the stocks and bonds on their own. Next: The Mechanics >> |
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Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores. | ||
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