From the course: Managing Your Personal Investments

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Investing in funds and ETFs

Investing in funds and ETFs

From the course: Managing Your Personal Investments

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Investing in funds and ETFs

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- If you need a bit of help investing, you might want to leverage some experts. Wall Street is full of them. And funds are a great way to do it. First of all, funds are pooled stocks or bonds, which you put together to attain an objective. These objectives can be anything from generating income to investing in gold, to matching the movement of a specific index. These objectives are contained in a prospectus, which is an overly complex, but important document. So, make sure you check the fund's objectives to make sure it matches your own. The best thing about funds is that they're created by experts. They're either actively managed where the fund's holdings are constantly rebalanced to match objectives, or they are passively managed, where the fund is expertly set up, and allowed to run on its own. Either way, you get the help of an expert. Funds also allow you to do things that you can't do with a single stock or…

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