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Understanding Mutual Funds and How They Work

By Adam Levy – Updated Oct 9, 2024 at 1:59PM

Key Points

  • Mutual funds allow investors to pool funds for diversified investment managed by professionals.
  • Mutual fund types include stock, bond, money market, and target date funds.
  • High fees can reduce returns; selecting low-fee funds is crucial for long-term gain.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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