As a new reader, I have a beginner's question. I have been reading about index funds and how that's the proper way to invest safely in the stock market. However, is this basically the same vehicle as a "balanced" mutual fund? Through my employer, they offer both index funds and mutual funds (balanced and growth funds). I have all my personal funds (excluding emergency fund) in a balanced mutual fund. Are these two funds basically the same and if not, should i move funds into an index fund?
Any thoughts would be appreciated.