![]() ![]() You can invest in funds through your existing IRA - and you can open an IRA through many mutual fund companies, as well. Most major brokerages offer access to hundreds, if not thousands, of funds. You can invest in a mutual fund directly through its company (companies such as Vanguard, Fidelity, and Schwab offer gobs of funds, as do many other familiar financial enterprises) and very often through your brokerage account, too. Funds also offer instant diversification, as your assets will be spread across dozens or even hundreds of stocks and/or bonds or other securities.Ī mutual fund's collection of securities is its portfolio, and those who have invested in it are its shareholders. That's fair enough, because relatively few people are equipped to study stocks and bonds and select which ones to buy and sell, and when to do so. Let's set the stage first: Just what are mutual funds? Well, a mutual fund is an investment made up of many people's money that has been pooled and is managed for them professionally - for a fee. What mutual funds are and where to find them ![]()
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