Balanced mutual fund

This is a fund that buys common stock, preferred stock, and bonds. The same as a balanced fund.

Balanced Mutual Fund

A mutual fund with a portfolio mixing stocks, bonds, and cash equivalents in different types of securities in a more-or-less fixed ratio. Balanced mutual funds are used for long-term investing. They also seek to diversify one's portfolio and avoid volatility in any one market. It is an example of an asset allocation fund.

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