Asset Quote by Janet Yellen
“Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in asset markets and diversify their holdings.”
About This Quote
Source Speech: Remarks on Financial Markets, United States Treasury, 2022
Low‑cost mutual funds broaden household access to diversified assets, enhancing financial inclusion.
In simple terms: Cheap funds let families invest and spread risk.
Key Takeaway
Use affordable funds to diversify your portfolio.
Themes
financial inclusion
investment
diversification
Mood
optimistic
pragmatic
Type
advice
informational
When to use this quote
- family budgeting
- retirement planning
- education savings
- wealth building
Key Concepts
economics
market access
risk management
Questions to Reflect On
- How can you assess the true cost of a mutual fund?
- What diversification strategies suit your risk tolerance?
A Different Perspective
Low‑cost funds may still carry hidden fees or limited choices.
![“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013” quote by Janet Yellen](https://sms4smile.com/quotes/img-quotes/75b/janet-yellen-2828_assets_a-major-source-of-wealth-for-many-famili_2816196.jpg)
