Now that we know a bit more about mutual funds and how they work, spend some time looking at the benefits of choosing to invest in a mutual fund. Diversification The diversification aspect of mutual funds is beneficial because more investment options (stocks, bonds, money market instruments) are open to you than would be if you were investing as an individual rather than as part of a group. The pooled... Read More

In some ways, especially for the younger generations like millennials and generation z, the language of financial literacy is a difficult one to learn, especially when it comes to things that seem irrelevant to us in the moment, like the idea of mutual funds.   In its simplest form, a mutual fund is money pooled from several investors and put into various financial instruments such as stocks, bonds and treasury...

Read More