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Investment accounts can generally have 3 types of holdings:

  1. Bonds
  2. Stocks
  3. Mutual Funds

A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically a company or governmental body).

A stock is an investment. When an investor purchases a company’s stock, the investor is purchasing a small piece of that company called a share.

A mutual fund is a type of financial vehicle made up of a pool of money collected from investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds, as explained in this video, are operated by professional money manager who choose the fund’s assets based on the mutual fund’s objective.

By Debbie Craig CFP®, MBA, CRPS®


Source: Investopedia

Investors should carefully consider the investment objectives, risks, charges and expenses of mutual funds. The prospectus contains this and other information about mutual funds. The prospectus is available from our office (or from the fund company) and should be read carefully.



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