What is the difference between a money market fund and a high-yield savings account?
A high-yield savings account is an insured bank deposit. A money market fund is SEC-regulated mutual fund shares, not a money-market account.
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How does an index fund actually own the stocks in an index?
An index is a list. An index fund is a pooled company that buys some or all of the securities on that list. You own shares of the fund, not the index.
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What is the difference between a money market fund and a high-yield savings account?
A high-yield savings account is an insured bank deposit. A money market fund is SEC-regulated mutual fund shares, not a money-market account.
How does an index fund actually own the stocks in an index?
An index is a list. An index fund is a pooled company that buys some or all of the securities on that list. You own shares of the fund, not the index.