
Mutual funds for every objective
Stock, bond & mixed-asset funds - get to know the difference.
Stock, bond & mixed-asset funds - get to know the difference.
04/25/2023
INVESTING ESSENTIALS
Millions of Americans invest in retirement accounts to save for their long-term needs, but what about shorter-term or intermediate goals, such as:
Investing for shorter-term goals may mean using a less aggressive strategy. Some individuals may choose to invest money in the stock market, while others may prefer to put the money in a bank savings account or a money market fund that carries less risk.
Investing a portion of your savings in the market may be more suitable if you expect to buy a new car or take that dream vacation several years from now, are saving for a house or a second home, or have other intermediate to long-term goals.
If you’re willing to take some investment risk for potential appreciation beyond most banks and money market funds, Thrivent offers a couple of bond funds.
Like nearly all mutual funds, they provide liquidity for investors who may need their 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 investment accounts are taxable accounts that are often used when saving for interim goals.
No matter how you choose to invest—be sure to weigh your options and carefully consider the risks.
i 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.
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