#13 - Mutual Funds: What is a mutual fund? What are the pros vs cons of ownership? Is a mutual fund right for you?
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Unlock the mystery of mutual funds with none other than the financial wizard of Alchemy Wealth Management, Ryan Nelson. As his book 'Your Fiscal Physical' turns pages, so will your understanding of this investment staple after our enlightening chat. Peer into the past to grasp how mutual funds have shaped the investment landscape since 1924, and get a grip on the mechanics at play—from active management to those pesky expense ratios that can chip away at your hard-earned money. If you're grappling with the choice between individual stocks or the pooled prowess of mutual funds, this is the conversation you can't afford to miss.
Embark on a journey through the pros and cons of entrusting your treasure to actively managed mutual funds with guidance from your savvy guest. Discover the convenience of a fund manager's expertise and weigh it against the sobering realities of market-beating odds, fees that can nibble at your nest egg, and the tax tangles that can ensnare the unwary investor. With a clear-eyed examination of the benefits and pitfalls, this episode is designed to steer you through the fog of financial jargon and into the clear waters of investment clarity. So tune in, take notes, and take charge of your financial fitness with insights that will transform the way you think about mutual funds.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com
And, as always, STAY THE COURSE!
Capitole
1. #13 - Mutual Funds: What is a mutual fund? What are the pros vs cons of ownership? Is a mutual fund right for you? (00:00:00)
2. Understanding Mutual Funds (00:00:01)
3. Pros and Cons of Mutual Funds (00:11:52)
45 episoade