Index funds are a type of investment where your money is put into a collection of stocks or bonds that represent a specific market index, like the S&P 500. Instead of trying to pick individual companies to invest in,
index funds aim to match the performance of a particular index. This means that as the index goes up or down, the value of your investment will follow. It's a way to diversify your investments and can be a low-cost way to grow your savings over time.
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