(182 votes, average: 4.86 out of 5)
Loading ...I reached a financial goal, and I told myself, once I reach it, I’d invest in some mutual funds. I have a basic idea on how mutual funds work, but I wanted to understand it better. So I asked my dad, who’s an accounting professor:
Me: Dad, how do mutual funds work?
Dad: It’s like a bibimbap of stocks. If the bibimbap is tasty, you can sell it for a profit. If the bibimbap is not tasty, you fire the fund manager and probably lose money.