By ANDREW HALLAM
Welcome to the third video in this series for new investors.
If you go to a bank or speak to a financial adviser about investing, most investment salespeople will recommend actively managed mutual funds. Whether you choose to invest in them or not, it’s important to know what they are and how they work. I describe them in this video.
New investors who missed the first two video in the series can catch up with them here:
How to become a millionaire, Part 1
How to become a millionaire, Part 2
You might also want to look at our series Back to Basics:
Part 1: Starting with evidence
Part 3: Protecting your wealth
Part 5: Maintaining discipline
ANDREW HALLAM is the author of the bestseller, Millionaire Teacher and Millionaire Expat: How To Build Wealth Living Overseas.
Here are some recent articles of Andrew’s we’ve published on TEBI that you may be interested in:
Are rich people as happy as they think?
How would you really want to spend your money?
Plenty of people would fire this amazing money manager
Don’t leave your best investor on the subs’ bench
Why new investors have irrational fears