investing

What is a mutual fund?

 

What is a mutual fund?

The Bankrate.com financial term of the day is: "Mutual Fund"

Want to invest but haven't got a clue where to put your money? Are you bewildered by all the choices? A mutual fund is an investment vehicle that allows you to buy into a diversified basket of assets, including stocks, bonds and other securities. You let a professional money manager decide on the mix.

With a mutual fund, you can meet general investment goals such as getting in on technology stocks or shoveling some of your savings into bonds. You leave the picking to the pros and enjoy less risk than you would by, for example, betting your retirement on just one or two stocks.

To learn about the various types of investments, visit the Investments section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Convertible drivers more educated

Convertible drivers are more educated and more affluent than the average new car buyer.  ... Read more


Connect with us