Balanced Fund

It's a type of mutual fund that is...balanced. No, not for life stresses, so that 1.3 hours a day is allocated for hot yoga. Rather, "balanced" means that there is some quasi-set ratio of stocks and bonds...higher risk, lesser risk...more cash throw, less cash throw...in some logical mix that answers the needs of that financial product for the customer. When it works, and you can retire in peace, let's hope you're doing cool yoga up on High rather than the hot version. No sympathy for an unbalanced fund or the Devil.