Jeff Rose from GoodFinancialCents.com tells us how mutual funds are like chicken and vegetable soup.
You don’t have to measure out the ingredients or even chose what goes into it. The hard work has already been done for you.
When buying a mutual fund you are hiring a manager
A Mutual Fund Manager picks the best ingredients to make sure it’s the best it can be.
There are many different things that can go together and lots of options to chose from.
If you want to learn more about mutual funds, check out another great video by Jeff: http://www.goodfinancialcents.com/what-is-a-mutual-fund-with-some-steak-chili-on-the-side/