Dividend ETFs and Mutual Funds
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There are many kinds of mutual funds, each with a different focus:
- Equity Income Funds – Invest mainly in dividend-paying stocks to provide steady income.
- Bond Funds – Invest in government or corporate bonds, paying interest to investors.
- Balanced Funds – Mix stocks and bonds to provide both growth and income.
- Index Funds – Passively track a market index, like the S&P 500, offering broad diversification with lower fees.
Source: Ramsey Solutions