From the course: Financial Basics Everyone Should Know

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Investing with mutual funds

Investing with mutual funds

From the course: Financial Basics Everyone Should Know

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Investing with mutual funds

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- [Narrator] Once you've learned how brokerage accounts work and have selected one to use, you can consider how best to invest using your account. When it comes to investing, you can either let someone else do the investing for you, or you can do it yourself. If you're very knowledgeable about investing or really enjoy learning about it, then you might enjoy investing on your own. Yet, if you're like most people, you might find picking your investments to be difficult, and you might decide to hire someone else to do it for you. One option for having someone else manage your money is called a mutual fund. It's the most common choice made by laypeople investing on their own. Mutual funds are more than sufficient for most people's retirement needs. Note, however, that using a mutual fund is not the same thing as hiring a stockbroker or a personal financial advisor. I'm talking about having a manager of a mutual fund invest for you. A mutual fund is a basket of stocks picked by a…

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