Investing to Fulfill Financial Objectives
Objective 17-2 Identify reasons for investing and the investment opportunities offered by mutual funds and exchange-traded funds.
Mutual funds and exchange-traded funds are popular alternatives to stocks because they offer attractive investment opportunities for various financial objectives and often do not require large sums of money for entry. In addition, the simple and easy transaction process makes them very accessible to individual investors.
Mutual funds are created by investment firms such as T. Rowe Price and Vanguard. These firms essentially pool cash investments from individuals and organizations to purchase bundles of stocks, bonds, and other securities. The bundles are expected to appreciate ...
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