Index Fund

Definition

Investment fund tracking a market index like S&P 500, providing broad diversification with low fees for long-term investing.

FAQs

Why are index funds good for gig workers?

Low fees and diversification are ideal for simple, hands-off retirement investing.

Similar Terms

Expense Ratio

Annual fee charged by investment funds as a percentage of assets, directly reducing returns. Lower is better.

Tax-Loss Harvesting

Selling investments at a loss to offset capital gains and reduce taxes, then reinvesting in similar assets.

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Last updated: January 18, 2026

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