There are many ways to invest your money, and retirement accounts are no exception. In this video, learn how to decide what types of investments are right for you.
- Stocks and bonds are the basic building blocks … of an investment portfolio. … But let's take it a step further … and talk about mutual funds … and how to diversify your portfolio. … A mutual fund is a collection of stocks or bonds … that you purchase as a unit. … Mutual funds enable you to buy … one share of the mutual fund and own hundreds, … or even thousands, of stocks or bonds within the fund. … Mutual funds, which are typically what's offered … in employer-sponsored plans, … and available in most IRAs, too, … are a great way to have a more diversified portfolio … with a lot less work than choosing … every single stock or bond yourself. … Speaking of diversification, … I recently explained diversification … to my seven-year-old and after quite a bit of explaining, … during which he was totally silent and I questioned … whether he was actually listening to me at all, … he says to me, "So diversification is buying … "a little bit of a lot of things … "just in case one of them goes kaput." …
This course was created by Madecraft. We are pleased to host this training in our library.