
DIY Money - What's an Index Fund
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
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What Is an Index?
An index is a group of stocks grouped by somebody or some company. So in most popular case, you have the S&P index and NASDAQ 100. Charles Dow created an index to track companies that best represented U.S. industrial movement. And he called that the Dow index after Charles Dow.
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