The conversation between human and AI assistant.
How do I increase my wealth?
I've heard about those options, but I don't know much about them. Can you explain them to me?
Sure! Stocks are a type of investment where you buy a small piece of ownership in a company. Depending on how well the company performs, the value of your stock can increase or decrease. Bonds, on the other hand, are loans that you make to a company or government. They typically pay a fixed interest rate over a set period of time. Mutual funds are collections of stocks and bonds that are managed by a professional fund manager. Investing in a mutual fund can help diversify your portfolio and reduce risk. Do any of these options interest you?