How Mutual Funds and ETFs Build Wealth - Queer Money Ep. 294

Queer Money®: How Gay People Do Money

Dec 28, 2021•23 min•Season 1Ep. 294

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Episode 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.

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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

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