Mutual Funds: The Flavors
There is a wide variety of mutual fund types available. Looking back to the three broad investment categories that we defined in Chapter 4—cash, bonds, and stock—let’s examine the various mutual fund options that are available in each.
Money Market Funds
In Chapter 7, we examined cash investment vehicles that were insured by the federal government and could be opened at banks and credit unions. There are also cash investment vehicles available through mutual fund companies, which are not federally insured. This means that if the fund company got into financial difficulty, the government would not ...
Get The Thriving Artist 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.
