On today's show, our resident CFA has got to tell us what a mutual fund is.

And then we're going to talk about commission mutual fund or no load mutual fund.

It's Brian Preston, the money guy. Restoring order to your financial chaos.

Retirement. Investing. Taxes. You've got financial questions. He's got financial answers.

It's Brian Preston, the money guy.

Hey, money guy family.

Joe's Brian Preston, co-host Mr. Bo Hanson.

Going beyond common sense and taking your finances to the next level.

Bo, I gave you the setup. What is the definition of a mutual fund?

Yes, so a mutual fund is an investment strategy that allows you to pull your money together

with other investors to purchase a collection of stocks, bonds, or other securities

that might be difficult to create on your own. So it gives you broad diversification,

pool and bucket of assets without having to go out and buy each of those individual things by

yourself. So if you're a person starting out, this is this is the way to do it so you don't have to,

because if you want to create, go buy the 50 best biggest companies in the United States,

or 500 for that matter. Yeah. Probably much easier to go open up an S&P 500 fund versus.

It's easier to go buy the cake than go get all the ingredients.

So what I want to talk about is my first mutual fund experience. Because this is,

as I just told you, this is a great way for individuals to kind of break into investing.

I feel like you just put on your slippers and now we're sitting by the campfire.

You know, you would think I do this for a living now and have 20 plus years of experience,

but well, Brian was probably the best investor right out of the gates. No, I had no idea how to

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