Understanding how mutual funds work could save you a ton of money in the long run

This post was originally published on this site

You’ve probably heard of mutual funds.

Even if you haven’t — but you have a 401(k) or other employer-sponsored investment account — odds are you own one.

In fact, an estimated 100 million Americans own a mutual fund, as of 2017.

People use them to save for retirement, college or buying a house.

The mutual fund industry in the U.S. alone tops out at around $18.7 trillion.

Here are the basics behind mutual funds.

More from Invest in You:

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Add Comment