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Preet Banerjee, B.Sc., FMA, DMS is a former stockbroker and financial advisor in Toronto. Information on this site is for entertainment purposes ONLY. Always seek individual professional advice before making any financial decisions.

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What Is A Mutual Fund?

November 8th, 2009 • Related • Filed Under
                                                         

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.

Popularity: 1% [?]

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There Are 6 Responses So Far. »

  1. Comment by Mark Wolfinger on 9 November 2009:

    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

  2. Comment by Big Cajun Man on 11 November 2009:

    Very useful, will you be doing one for Index Funds next?

  3. Comment by Preet on 11 November 2009:

    @Mark – hey, I never said anything about whether they were good or not! :)

  4. Comment by Preet on 11 November 2009:

    @Big Cajun Man – most definitely!

  5. Pingback by Canadian Personal Finance Blog » Blog Archive » Random Thoughts: Remembering Is Important on 13 November 2009:

    [...] 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 [...]

  6. Comment by Big Cajun Man on 13 November 2009:

    If you do one on Index Funds, but a Ferrari in it, please.

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