A Mutual Fund is a portfolio that consists of a pool of money gathered by multiple investors that are made to purchase different securities, such as stocks, bonds, etc.. Basically, you are investing in multiple stocks by just putting your money into one place. In this article, we are going to talk about why one would invest in a mutual fund and the different types of mutual funds. Why Would I Invest in Mutual Funds? There are multiple different reasons as to why one would want to invest in a mutual fund. Before getting into that, it is important to note the fees that come along with mutual funds. The Annual Operating Fee come as a percentage of the amount of money you have invested, which is usually around 1%-3%. The next is the Shareholder Fee , which are paid right when you buy/sell the mutual fund. With that being said, let's get into the points as to why one might want to buy a mutual fund: 1.) Safety Since a mutual fund is a group of stocks all under o
A Commission-Free Broker is an online platform in which you can trade stocks easily. For nearly all of investing history, you had to pay some sort of fee whenever you wanted to trade a stock. However, many brokerages are starting to get rid of these fees and move over to different forms of monetization. In this article, we aim to quickly describe the basics of Commission-Free Brokers and give some of the most popular examples of them. With that being said, let's get into it: Robinhood Robinhood is definitely the most popular and most recognizable commission-free brokers out there. It is known for paving the way for commission-free brokers to start and is one of the most popular apps in the Apple App Store. However, Robinhood is not ad advanced compared to some of its competitors, mainly due to its lack of tools and researching information. Unlike many other brokers, Robinhood does not have a built-in screener and does not allow you to use technical indicators on the mob