Curated News
By: NewsRamp Editorial Staff
August 06, 2024

The Rise of Mutual Funds: A Guide to Self-Directed Investing with Axos Invest

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Source News Release

TLDR

  • Axos Invest offers a self-directed account with commission-free mutual fund investments, giving you greater control over your financial future.
  • Axos Invest allows you to make your own investment decisions and access over 10,000 mutual funds through a straightforward platform.
  • Investing in mutual funds through Axos Invest's self-directed account can help individuals achieve their financial goals and gain greater financial independence.
  • Mutual fund investing through a self-directed account at Axos Invest provides a unique opportunity to take control of your investment portfolio and grow your wealth efficiently.

Impact - Why it Matters

This news matters because it highlights the growing trend of individual and retail investors, the benefits of mutual fund investing, and the opportunity for greater control over investments through self-directed accounts like the one offered by Axos Invest.

Summary

The investment world has experienced a significant transformation over the last 20 years, with a rise in individual investors and retail investor sentiment. Mutual funds offer a different approach to investing, providing exposure to a basket of carefully picked securities without the need to choose individual stocks or bonds. Over half of American households owned mutual funds in 2023, most using them as a way to save for retirement.

Mutual funds fall into one of two buckets: open-ended or closed-ended funds. Axos Invest, the investment arm of digital banking pioneer Axos Bank, offers a self-directed account that allows investors to gain greater control over their financial future. This platform provides access to over 10,000 mutual funds, commission-free trading, and features like minimum balance requirements and automatic contribution plans.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, The Rise of Mutual Funds: A Guide to Self-Directed Investing with Axos Invest

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