Stock mutual funds provide a convenient, easy way to get professional management and diversification at a lower cost than purchasing individual stocks. Schwab has a wide selection of no-load, no-transaction-fee mutual funds.
Reasons to consider:
- You want a diversified portfolio of stocks without the work of selecting and managing individual stocks.
- You need a growth component in your portfolio that may help counteract the long-term effects of inflation.
- You want to diversify your income sources with dividend-paying mutual funds.