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What is mutual funds with examples?
I'm interested in learning about mutual funds. Can you tell me what they are and give me some examples?
Of course! A mutual fund is a type of investment that pools money from many investors to purchase a portfolio of stocks, bonds, or other securities. By investing in a mutual fund, investors gain access to a diversified portfolio of assets that they might not be able to afford on their own. Some examples of well-known mutual funds include the Vanguard Total Stock Market Index Fund, the Fidelity Contrafund, and the American Funds Growth Fund of America.