Most individuals prefer the convenience of investing in funds to purchasing the underlying securities to attain diversification in their investments. Given this preference, we should understand what fund types are available and their suitability for individual investors.
The main objectives for this chapter are:
• Learn the characteristics of various types of funds, including their investment choices, fees, and tax efficiency.
• Develop an understanding for what types of funds are most suitable for individual investors.
Mutual Funds
Mutual funds pool money from investors and purchase stocks, bonds, and other assets. Mutual fund investors own a slice of the fund’s portfolio and participate proportionally in any of the fund’s ...
Get Wealth Management now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
