Markets
Index Fund
One fund that holds a whole market.
In plain language
Instead of picking companies, you buy a fund that tracks a broad list of them. Fees are typically low and you own a slice of everything in it.
Why it matters
Ownership doesn't require stock picking. This is the unglamorous default.
Put it to work
Own more. Owe less.
Every word here shows up in a real decision. Run your own number, or get the next one in The Letter.