Not every investor wants to beat the market. As investors get older, the focus usually shifts from wealth accumulation to preserving a nest egg. Income funds cater to these investors due to their high yields and low volatility.
You can buy individual stocks, but income funds simplify the investing experience. You don’t have to monitor individual picks, earnings reports and daily stock market news. Fund managers do it for you.
This post originally appeared at U.S. News & World Report.