There is nothing magical about a mutual fund. It is just many investors pooloing their money and the total fund is invested and managed as per the fund's remit. Of course it could be passive fund like an ETF or even a hedge fund where they may not be much of a remit.
Mutual funds are a great way to invest your money.
Be sure to look at a 401k plan where you work or a
Roth IRA. There is a Shwab fund that will let you invest
with small amounts (SWPPX).
Yes, "minimum initial investment" means exactly that.
how do mutual fund work? and if it says minimum initial investment is that the amount that you have to invest in order to formally open the account?
there is also a regular investment plan of $25/ per month
any expert?
