A mutual fund allows you to pool your money with other investors to buy stocks, bonds and other securities. Because mutual funds typically involve a larger number of asset types, they diversify ...
While some mutual funds are index funds, which aim to track the performance of a specific market index, most are actively managed, meaning fund managers follow an investment strategy to buy and ...
Money Market Funds vs. Money Market Accounts A money market fund is a mutual fund. Meaning it is a pool of money from multiple investors. A money market account functions as a bank account.