Index funds are a reliable investment option from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
Index funds are a simple and straightforward investment option that can provide reliable returns over the long term. By tracking a specific index, such as the S&P 500, these funds offer diversification across a wide range of companies without the need for active management. This simplicity not only reduces costs but also eliminates the risk of underperforming the market. Furthermore, index funds are clear in their objectives and strategies, making it easy for investors to understand what they are investing in. With low fees and minimal turnover, these funds offer a transparent and cost-effective way to gain exposure to the broader market. This clarity can help investors make informed decisions and stay focused on their long-term goals. In terms of coherence, index funds provide a consistent and reliable way to participate in the overall growth of the market. Rather than trying to beat the market, these funds aim to match its perf...
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