Mutual Funds are among the most popular and versatile financial planning vehicles in the United States. They can be useful in achieving the long and short term goals yourve established for your family by completing your personal financial lifestyle strategy (FLS).
- 82.8 million Americans own mutual funds.
- A typical shareholder invests through employer-sponsored retirement plans and has long-term financial goals such as retirement.
- There are more than 7,300 mutual funds representing a wide variety of investment objectives.
A Mutual Fund is an investment company that combines money from individuals and invests in a diversified portfolio of securities. Each investor is a shareholder who buys shares of the fund. Each share represents a proportion of ownership in the funds assets.
There are different types of mutual funds, and each type is a designed to benefit from either a short-term or long term investment strategy.
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