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How Mutual Funds and ETFs Build Wealth - Queer Money Ep. 294
Season 1 Episode 294
Show notes: https://queermoneypodcast.com/podcast/mutual-funds-and-etfs/
On this episode of Queer Money, we explain what it means to invest in mutual funds and ETFs as well as the pros and cons of each.
Free Resources:
Topics Covered
- What it means to invest in mutual funds rather than individual stocks
- An overview of the different types of mutual funds (e.g.: objective-driven, index funds, etc.)
- The operating expenses and tax risks associated with investing in mutual funds
- How investing in just a few mutual funds offers a diversified portfolio
- What differentiates investing in ETFs from mutual funds
- How to find an exchange traded fund that aligns with your personal objectives
- The risks associated with investing in certain kinds of ETFs
- Why ETFs typically have lower fees and fewer regulations than mutual funds
- How most millionaires in the US built wealth by investing in their 401(k)s
- Why you should be using your employer-sponsored retirement account
Resources
- Stock Investing on Queer Money EP290
- S&P 500
- Russell US Indexes
- ‘A Survey of 10,000 Millionaires Found Most Built Wealth Slowly Over Time Using a Basic Tool Many Americans Overlook’ in Business Insider
- CreditWise
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Queer Money Facebook Group
- Queer Money on Instagram
- Queer Money on YouTube
- Subscribe on iTunes
- Email questions@debtfreeguys.com
Mentioned in this episode:
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Published on 3 years, 11 months ago