When you buy a mutual fund, you are pooling your money along with other investors. You put money into a mutual fund by buying units or shares of the fund. As more people invest, the fund issues new units or shares. The investments in mutual funds are managed by a portfolio manager. All mutual funds have a stated goal for the assets they invest in and a philosophy for how they will invest. According to Statista, there were approximately 7,900 mutual funds in 2019, and they managed over $21 trillion (2020). There are many mutual fund management companies, and each company offers many different types of mutual funds; trying to make an informed choice can make you dizzy. There are four broad categories of mutual funds: those that invest in stocks (equity funds), bonds (fixed-income funds), short-term debt (money market funds) or both stocks and bonds (balanced or hybrid funds). There are also many mutual funds that invest in specific sectors, such as technology, real estate, gold, or the bank sector.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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