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Index Tracking Funds – The Fund That “Smiles Back”

Introduction     Funds that track a market index, such as the S&P 500, are known as index funds. Index funds include both index mutual funds and index exchange-traded funds, or ETFs. These funds typically use a passive investing strategy, which means their objective is to deliver returns similar to an index of investments. However,…

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Target Date Mutual Funds – The “Bullseye” Fund

Introduction     We’ve already covered the basics of mutual funds, what they entail, the types of mutual funds and their classifications – but what about how they control asset allocation? What if there were a way investors can automatically manage their asset allocations – and more importantly, help achieve their investing goals within a…

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What Are Balanced Funds? – The “Variety Pack” Fund

Introduction     Most commonly, funds invest in a single asset class. For example, equity funds invest in a variety of stocks, and fixed income funds invest in a variety of bonds. A balanced fund is different in that it invests in multiple asset classes. Most balanced funds invest in stocks, and money markets. The…

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What Are Specialty Funds? – The “Uncharacteristic” Mutual Fund

Introduction     The most basic types of funds invest in a single asset class, such as stocks, bonds, or money markets. While other fund types such as balance, asset allocation (funds that invest in a single asset class), and target date combine multiple asset classes in a single portfolio. In addition to these, investors…

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What Are Money Market Accounts? – Cash Accounts & Funds

Introduction     The term, “cash” is used rather loosely. Sometimes it refers to cold hard cash in your wallet, and other times it refers to money in your checking or savings account. But when it comes to investing, cash describes an entire asset class. But what exactly is cash in the investing world? In…

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