Mutual funds vary a lot in terms of how safe your money is and how much you will make. The amount of risk you are taking depends on the type of mutual fund you buy. Here are seven common types of funds:

1.  Money market funds

2.  Fixed income funds

3.  Balanced funds

4.  Stock or equity funds

5.  Index funds

6.  Specialty funds

7.  Mortgage funds

8.  Real estate funds

Make sure you understand these options — and the risks — so you can choose the type of fund that’s right for you.


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