
Mutual funds for every objective
Mutual funds come in a wide variety of styles to meet the varying needs of investors.
Mutual funds come in a wide variety of styles to meet the varying needs of investors.
04/29/2025
INVESTING ESSENTIALS
Millions of Americans invest in retirement accounts to save for their long-term needs, but what about short-term goals, such as:
One approach to investing for short-term goals may mean using a less aggressive strategy. You may choose to put the money in a bank savings account or a money market fund that carries less risk.
However, if you expect to buy a new car, want to take that dream vacation several years from now or have other intermediate goals, investing a portion of your savings in the market may be more suitable.
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If you’re willing to take some investment risk for potential growth beyond most bank and money market funds, Thrivent Asset Management offers a couple of bond funds.
Like nearly all mutual funds, they provide liquidity for investors who may need money on short notice. Just keep in mind that the amount of money available to you would vary, depending on the performance of the funds:
General investing accounts are taxable accounts that are often used when saving for short-term goals.
No matter how you choose to invest for your short-term goals—be sure to weigh your options and carefully consider the risks.
1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.
The information provided is not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation.
The concepts presented are intended for educational purposes only. This information should not be considered investment advice or a recommendation of any particular security, strategy, or product.