Can someone redpill me on mutual funds and how they work? Am

>>1419963
It's like owning 500 or so stocks.
That way if one stock tanks, it doesn't mean shit to the price of the fund overall.

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>>1419963
gladly.

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>>1419963

>>1420006
>>1420009
So mutual funds remove the risk and hassle of getting to know a stock? So wide diversification is a good thing, no?

>>1420018
also. if u read the fine print in every fund. they take at least 1% of the fund every year as a fee to pay for their ferraris and mansions wether u made money or not so why the fuck do they care.


if u have 1mill in a mutual fund, whats 1% of that?


1000000 *.01 =
10000

u would give away 10k a year to a lazy douche just cuz ur 2 lazy to stop being stupid?

>>1420025
It does feel like a scheme, but to the average joe is 1% really that bad on returns that will be better than putting say 5 grand in a CD or savings account?

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>>1420028
research companies financials , and learn from top investors, read and watch those boring videos about value investing and how blue chip businesses remain profitable grow etc. invest your TIME(most valuable asset) in turning ur BRAIN(second most valuable asset) into a money making machine.

>>1420033
Understood, thanks bud.

>>1420025
>they take at least 1% of the fund every year
lies

do your own research op, don;t listen to this bitter day-trading poorfag

Everything is a speculation at this point, I'm holding cash and precious metals until this bubble pops.

>>1420137
https://investor.vanguard.com/mutual-funds/low-cost

>>1420301
>Vanguard average expense ratio: 0.18%

0.18% < 1%

dumbass

>>1420386
>>1420301
managed funds = scam with high cost
unmanaged index funds = best investment long term