Web Toolbar by Wibiya
 
 
 

GL PROFILES

More Friends = More Fun

 
 

GL
Tweets !

8 HOURS AGO Are you the go-to girl?! http://t.co/VoA0l7HrFc

12 HOURS AGO Are you always offering guidance to your girlfriends? Become an Advice Queen on http://t.co/3vCDbrIax8: http://t.co/HLoaQgowdL

13 HOURS AGO Look drop dead gorgeous with #sugarskull makeup tutorial (oh yeah, pun intended): http://t.co/KI3IBvDj5q

 

sponsored links

Get rich right now: What you need to know about mutual funds


Sure, you could blow your babysitting funds on a sparkly party dress, and you could cash in on a cute new coat with your birthday money, but we’ve got a better idea. Sock some of it away (10 percent is a great place to start) in a special investment called a mutual fund.

 

What is a mutual fund, anyway?

A mutual fund is an investment that pools money from a bunch of different people to buy securities—a fancy way of labeling any sort of asset that is traded on the stock exchange, like stocks and bonds. When you put your money in a mutual fund, you pick which professional will manage your investment and what sort of things you want your money to be invested in.

 

Why is it a good place to put my money?

Mutual funds are a safe investment option because they are diversified, which means that whichever financial pro manages your money will pick and choose an assortment of places to put your hard-earned money—think stocks for big corporations and government bonds. Since you don’t need the money right away, these sorts of long-term investments are a great option. They’re low risk with good reward—far better than your standard savings account.

 

Where do I start?

Ask Mom and Dad to take you to the bank they use, and set up a meeting with the financial advisor there. Or if they have investments themselves, chat with them and see if they could connect you with their own investment manager.

 

Are you thinking about investing your money? Tell us in the comments!

 

 

 

BY BRITTANY TAYLOR ON 12/10/2013 8:06:00 PM

POSTED IN

< PREVIOUS   NEXT >   
comments powered by Disqus
 

To get your Instagram peeps in the mood for fall, you post a photo of…




 
 
X

Win fall faves...

 

 

Attention, fashionistas: It's our annual

Fab Fall Finds giveaway! CLICK HERE to check

out the gear...and enter to grab it for yourself!

 
Posts From Our Friends

sponsored links