Episode Details
Back to Episodes
How Mutual Funds and ETFs Build Wealth - Queer Money Ep. 294
Description
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:
Get Your Portugal Golden Visa Here!
Want the confidence to retire when and how you truly want?
If you’re considering retirement abroad, or simply want a second & third set of eyes on your retirement plan, we help gay foks retire fabulously — wherever that may be. Our retirement mentorship can help you gain the confidence to say yes to retirement!
Queer Money Retirement Mentorship
Make your retirement fabulous!
Not sure if you can retire or when? Worried about how much you can safely spend without running out of money? We help you get clear answers and the systems to retire with confidence and peace of mind. Let's go!
Your fabulous retirement in Portugal is calling!
Ready to turn your IRA assets into a gateway to living in Europe? With the Optimize Portugal Golden Opportunities fund you can do just that. Join hundreds of other U.S