(08-01-2019, 06:17 PM)Predator Wrote:

(07-31-2019, 10:22 PM)mikesez Wrote: I know exactly what a mutual fund is.
A broker creates a fund, invites you to invest in it, and he puts your money into a mixture of stocks and bonds that he chooses. 
You might know that guy personally, but more often, you do not.
Or, you may be advised, personally, by another person who works for the broker or accepts a commission from that broker to invest in that fund.  Such advice may or may not be in your best interest.  Hence the problem.

Lol!

Which part is wrong? Tell me your definition.

---

(08-01-2019, 06:52 PM)jagibelieve Wrote:

(07-31-2019, 10:22 PM)mikesez Wrote: I know exactly what a mutual fund is.
A broker creates a fund, invites you to invest in it, and he puts your money into a mixture of stocks and bonds that he chooses. 
You might know that guy personally, but more often, you do not.
Or, you may be advised, personally, by another person who works for the broker or accepts a commission from that broker to invest in that fund.  Such advice may or may not be in your best interest.  Hence the problem.

LOL.  Your mind is probably blown away by what an ETF is.

Here's a little hint.  A mutual fund is not really what you think that it is.

Not really. an ETF is a type of mutual fund that does not need to be professionally managed because its asset allocations are set by a stock exchange. An ETF can track the Dow, or the s&P 500, or the Russell 1000 etc. Most mutual funds have managers choosing when to buy and what to buy on their own. But an ETF is tied to an allocation that was originally designed merely to track the overall market.

---

(08-01-2019, 06:43 PM)Predator Wrote:

(07-31-2019, 10:15 PM)mikesez Wrote: So what changed about that under the rule that Obama enforced on 2016?

Nothing. That requirement has been around for decades.

So why did anybody sue?
Why did it cause your company to change some of its practices?
Why does Trump tower eliminating this rule as one of his achievements?

---