Quote:
Originally Posted by disneysteve
This is semantics, but I wanted to clarify something. "Mutual fund" can mean many different things. Many people use the term when what they really mean is STOCK mutual fund. A mutual fund, like an IRA or 401k, is just a type of investment vehicle. A mutual fund can be anything from a money market fund to a municipal bond fund to an S&P 500 index fund to a gold and precious metals fund to an emerging markets foreign stock fund to a real estate fund...
So just asking if a "mutual fund" is a good choice or just answering that a mutual fund is always a good choice really isn't meaningful. It depends on your situation and goals and on what type or types of mutual funds you are referring to.
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Thanks for all the info!
Man... I feel like I want someone to just tell me what to do.