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What is an index fund?

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Welcome to today’s episode of Money on Your Mind, where we are talking about “What is an Index Fund?” We are smart individuals but sometimes these topics can be confusing and even overwhelming. Technically, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the components of a financial market index, such as the Standard & Poor’s 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses, and low portfolio turnover. If you want further conversations about what might be best for you, I invite you to reach out! We’d be honored to walk alongside you on your wealth journey.

Disclaimer: We will not be delivering direct advice to your financial situations. These segments will be made available as educational resources for you to take back to your personal board of directors – financial planner/advisor, accountant/tax preparer, and/or attorney.

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