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One of the most common investments that people purchase is a mutual fund. So the question is, what is a mutual fund? We’ll define mutual funds, provide an example of a good mutual fund choice, and also discuss what index funds. Then we’ll summarize with some brief takeaways. Definition: What are mutual funds? A mutual […]
The first step that you need to take to begin investing, is to open an investment brokerage account. An investment brokerage account is similar to a bank account but instead of simply holding cash in the account, you are able to use the money you deposit to purchase investments. Some banks offer brokerage services in […]
We’ve addressed what stocks are, and now it’s time to talk about the other most common financial asset that people buy: Bonds. So what are bonds? Definition: What are bonds? A bond is a debt contract. The person who buys the bond, buys the right to receive their money back at some later date, in […]