Tag "mutual funds"
Tweet You can choose the right combination of options that represents your demands and needs. We invest to fulfil certain demands and needs for our everyday life which include comfort,
Tweet Breaking down ETFs An ETF is a type of fund that takes ownership of the underlying assets (which can include; shares of stock, bonds, bars of gold, currencies etc)
Mutual funds have become very popular in the last 20 years. But why have they become so popular? Simply put, they are a way for the average investor (read : us) to get a chunk of the market, without reading 10 finance books, getting a PhD in Economics or sitting all day reading news from Wall Street.
At some point in your saving strategy you may have come to realize that savings accounts, money market funds and other bank-backed accounts pay very little interest. Certainly, you can leave your money in the bank, but inflation will easily erode those funds.