--- title: "Meaning & Key Takeaway of: Many financial innovations such as the…" description: "\"Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in ass..." image: "https://sms4smile.com/quotes/i/175/janet-yellen-2828_asset_many-financial-innovations-such-as-the-i_2199049.png" --- # Many financial innovations such as the increased… ![“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.” quote by Janet Yellen](https://sms4smile.com/quotes/i/175/janet-yellen-2828_asset_many-financial-innovations-such-as-the-i_2199049.png) [Download](https://sms4smile.com/quotes/i/175/janet-yellen-2828_asset_many-financial-innovations-such-as-the-i_2199049.png) [Open image](https://sms4smile.com/quotes/i/175/janet-yellen-2828_asset_many-financial-innovations-such-as-the-i_2199049.png) > “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.” [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Family](https://sms4smile.com/quotes/about/family/) [Investing](https://sms4smile.com/quotes/about/investing/) [Mutual funds](https://sms4smile.com/quotes/about/mutual-funds/) [Technology](https://sms4smile.com/quotes/about/technology/) ## Related quotes > [Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have…](https://sms4smile.com/quotes/joseph-stiglitz/those-who-have-contributed-great-positive-innovations-to-our-society/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [ \[A\] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of… ](https://sms4smile.com/quotes/janet-yellen/a-major-source-of-wealth-for-many-families-is-financial-assets/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [It's important for the Fed, hard as it is, to attempt to detect asset bubbles while they're forming.](https://sms4smile.com/quotes/janet-yellen/it-s-important-for-the-fed-hard-as-it-is-to-attempt-to-detect-asset/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up…](https://sms4smile.com/quotes/richard-thaler/rip-van-winkle-would-be-the-ideal-stock-market-investor-rip-could/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [Well, I like regulation as little as anybody else. 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Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“Simply switching to home-brewed coffee will save you an average of $64.48 per month (or $2 per day) or $773.80 per year. By putting…](https://sms4smile.com/quotes/benjamin-p-hardy/simply-switching-to-home-brewed-coffee-will-save-you-an-average-of-64/) [Benjamin P. Hardy](https://sms4smile.com/quotes/author/benjamin-p-hardy/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-don-t-like-the-idea-that-most-of-the-money-spent-on-lottery/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) ## More by Janet Yellen > [Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.](https://sms4smile.com/quotes/janet-yellen/nationally-the-share-of-mortgages-that-are-underwater-fell-by-about/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.](https://sms4smile.com/quotes/janet-yellen/will-capitalist-economies-operate-at-full-employment-in-the-absence/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and…](https://sms4smile.com/quotes/janet-yellen/individuals-out-of-work-for-an-extended-period-can-become-less/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. 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We've had…](https://sms4smile.com/quotes/janet-yellen/there-were-a-lot-of-manufacturing-jobs-lost-over-a-long-period-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices…](https://sms4smile.com/quotes/janet-yellen/uncertainty-about-sales-impedes-business-planning-and-could-harm/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to…](https://sms4smile.com/quotes/janet-yellen/stronger-productivity-growth-would-tend-to-raise-the-average-level-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.](https://sms4smile.com/quotes/janet-yellen/the-federal-open-market-committee-fomc-is-committed-to-policies-that/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the…](https://sms4smile.com/quotes/janet-yellen/to-me-the-greatest-asset-of-the-fed-is-the-people-we-have-a/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Explore all 148 Janet Yellen quotes ](https://sms4smile.com/quotes/author/janet-yellen/) ## More Asset quotes > [Most people put money in their piggy bank. I buy a goose that lays golden eggs over and over again. 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The knowledge and skills they have represent the fuel that drives the engine of business - and…](https://sms4smile.com/quotes/harvey-mackay/your-workforce-is-your-most-valuable-asset-the-knowledge-and-skills/) [Harvey Mackay](https://sms4smile.com/quotes/author/harvey-mackay/) > [In the long-term, security comes from an asset you create or acquire, not a position in someone else's asset.](https://sms4smile.com/quotes/chris-guillebeau/in-the-long-term-security-comes-from-an-asset-you-create-or-acquire/) [Chris Guillebeau](https://sms4smile.com/quotes/author/chris-guillebeau/) > [To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that…](https://sms4smile.com/quotes/laurence-d-fink/to-finance-longer-life-spans-we-must-convince-individuals-to-start/) [Laurence D. 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