Ten Rules for Financing Life - Introduction to John Bogle's common sense investing

[FinancingLife101]

DinoTalkz, it sounds like you are on the right track. If you don't pay an expensive 1% "expense ratio" then you get to keep that as additional earnings. Hunt for the most diversified lowest-cost mutual funds—they are almost always index funds. Good luck to you. -Rick

[conillusionist]

dinotalkz is me. I bought an index fund, and i bought an aggressively managed fund as well. I had a hard time finding anything easily obtainable that had a MER of less than 1% so just went to my local bank(s) and bought some for practice. I do intend to buy index funds though, but since i'm still so new to everything, i didn't mind buying mutual funds at the moment either.

[FinancingLife101]

DinoTalkz, glad you enjoyed and learned something. I'm a little confused by your comment. Usually an "aggressive fund" means an actively managed fund that is trying to beat the market. If you chose that, then I failed to convince you to use index funds, or you didn't watch enough of the videos. But congratulations for starting to save. That is probably most important.

[DinoTalkz]

great video! i bought your book and bought my first mutual fund because of you! (haven't bought stock yet because i'm too inexperienced and just wanted to start out by buying an aggressive mutual fund through my bank's mutual fund advisor, only started at a 50 dollar per month plan but i'm happy)