What Is A Mutual Fund?
Posted by Preet on Nov 8, 2009 | 7 comments
This is a quick four-minute video that I put together to explain the very basics of a mutual fund and how it works. Feel free to share it with anyone you think might like it.
Note: you can click on the bottom right of the video to blow it up to a full-screen view. Enjoy! Feedback welcome in the comments section below.
What Is A Mutual Fund? from Preet Banerjee on Vimeo.
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WD - can you provide more details?
Why does CIBC claim to charge less fees than investment adviser from London Life?
If you do one on Index Funds, but a Ferrari in it, please.
@Big Cajun Man - most definitely!
@Mark - hey, I never said anything about whether they were good or not! :)
Very useful, will you be doing one for Index Funds next?
A mutual fund is a group of investors who give their money to someone else to invest. On average that person who gets the money is an under-performer and under-achiever. Yet, he/she is paid a significant portion (1+% annually) to mismanage the investment dollars.
The following well-known phrases apply:
A fool and his money are soon parted
Laughing all the way to the bank (the manager, not the investor)
Where are the customers yachts?
Mark
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[...] to be Television Personality Preet at WhereDoesAllMyMoneyGo put up a useful video on What is a Mutual Fund for those wanting to learn more about how that investment vehicle works. Preet will hopefully soon [...]