Mutual funds are frequently used by investors as a way to diversify their portfolio, and thereby minimize investment risk.

One of the popular types of mutual funds is index funds. How are they traded, and who arranges the list of stocks in the index?

What is the difference between active funds and passive funds? Is one more aggressive than the other?

Should you "feed your fund?" And, if you want to invest for the long term, are value or growth mutual funds better?

Listen to get the answers to everything you wanted to know about mutual funds – and more – in today's episode.