Mutual funds for beginners – explained with simple terms in an easy to understand way! Mutual funds are an essential part of any well balanced portfolio. But if you’re new to the world of investing, you may not be familiar with them. Today I’m having a conversation with Andy Panko of @RetirementPlanningEducation for a conversation about mutual funds.
0:00 – Intro
1:10 – What is a mutual fund?
1:45 – Why buy mutual funds?
3:06 – What is diversification?
4:22 – Who are mutual funds best suited for?
5:20 – What are the different types of mutual funds?
6:18 – How do you choose which mutual fund to buy?
8:54 – What’s the difference between small cap and large cap?
10:46 – What are the differences between brokerages?
12:16 – How much money do I need to get started with mutual funds?
13:08 – Do I need to pay any fees when buying or selling mutual funds?
15:15 – What are expense ratios?
16:42 – Final thoughts
Check out Andy’s YouTube channel: https://www.youtube.com/c/RetirementPlanningDemystified
Subscribe to the Practical Personal Finance podcast: https://practicalpf.buzzsprout.com/
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FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.
