Gregory Ricks & Associates provides excellent advice on mutual funds to our clients in the New Orleans, Louisiana, area. These products can make a great addition to your retirement portfolio as you prepare for what lies ahead.
What Are Mutual Funds?
Mutual funds are a pool of investments from multiple sources that can be placed into stocks, bonds, money market accounts, or other options. They are a popular option for retirement investors because they are convenient and provide a simple path to diversification. The convenience comes from turning over the daily work of researching stock options and tracking their progress to the mutual fund manager. All investors have to do is select someone they can trust to take care of this job for them.
It’s long been said that investors should strive for diversification in a portfolio to minimize risks and offset the losses in one investment through the gains of another. This feature is inherent in basically any mutual fund.
Types of Mutual Funds
- Money Market Funds: This type of mutual fund is highly conservative and is typically invested in Treasury bonds and other short-term instruments.
- Equity Funds: In this mutual funds, investments are made into stocks aimed at long-term growth.
- Fixed-Income Funds: Investments from these mutual funds are placed in bonds.
- Balanced Funds: With these mutual funds, investors can place their money in a combination of stocks and bonds.
Mutual Fund Advice
If you are looking to invest in mutual funds or need professional advice on current mutual fund investments, visit Gregory Ricks & Associates. Our experienced financial professional can answer whatever questions you may have now and provide guidance for what to do in the future. Call us at (504) 832-9200 for mutual fund assistance in New Orleans, Kenner, Mandeville, Metairie, and Slidell, LA.