![]() ![]() Investors who need easy access to their money in the very short term should consider high-yield savings accounts, which provide greater liquidity and are federally insured up to at least $250,000. If you’re saving for a shorter-term goal, like buying a home or a car within the next few years, a bond market mutual fund might be a better option. While no investment guarantees a return, mutual funds are safer than some other options because you’re invested in a broad range of companies or debts. You’ve got plenty of time to ride out the inevitable ups and downs of the stock market. If you’re investing for a long-term goal, like retirement or your child’s college education, stock mutual funds are a great choice. ![]() What financial goals would you like to reach by investing in mutual funds? Are your goals only a few years away or decades in the future? Decide on Your Mutual Fund Investment Goals Follow these seven simple steps to get started investing in mutual funds. They typically own hundreds if not thousands of different stocks, bonds and other securities, providing you with instant diversification. For most investors, mutual funds are a great way to build a diversified portfolio without a lot of extra cost or hassle. ![]()
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