#13 - Mutual Funds: What is a mutual fund? What are the pros vs cons of ownership? Is a mutual fund right for you?
03/26/24 • 24 min
Unlock the mystery of mutual funds with none other than the financial wizard of Alchemy Wealth Management, Ryan Nelson. As his book 'Your Fiscal Physical' turns pages, so will your understanding of this investment staple after our enlightening chat. Peer into the past to grasp how mutual funds have shaped the investment landscape since 1924, and get a grip on the mechanics at play—from active management to those pesky expense ratios that can chip away at your hard-earned money. If you're grappling with the choice between individual stocks or the pooled prowess of mutual funds, this is the conversation you can't afford to miss.
Embark on a journey through the pros and cons of entrusting your treasure to actively managed mutual funds with guidance from your savvy guest. Discover the convenience of a fund manager's expertise and weigh it against the sobering realities of market-beating odds, fees that can nibble at your nest egg, and the tax tangles that can ensnare the unwary investor. With a clear-eyed examination of the benefits and pitfalls, this episode is designed to steer you through the fog of financial jargon and into the clear waters of investment clarity. So tune in, take notes, and take charge of your financial fitness with insights that will transform the way you think about mutual funds.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: [email protected]
And, as always, STAY THE COURSE!
Unlock the mystery of mutual funds with none other than the financial wizard of Alchemy Wealth Management, Ryan Nelson. As his book 'Your Fiscal Physical' turns pages, so will your understanding of this investment staple after our enlightening chat. Peer into the past to grasp how mutual funds have shaped the investment landscape since 1924, and get a grip on the mechanics at play—from active management to those pesky expense ratios that can chip away at your hard-earned money. If you're grappling with the choice between individual stocks or the pooled prowess of mutual funds, this is the conversation you can't afford to miss.
Embark on a journey through the pros and cons of entrusting your treasure to actively managed mutual funds with guidance from your savvy guest. Discover the convenience of a fund manager's expertise and weigh it against the sobering realities of market-beating odds, fees that can nibble at your nest egg, and the tax tangles that can ensnare the unwary investor. With a clear-eyed examination of the benefits and pitfalls, this episode is designed to steer you through the fog of financial jargon and into the clear waters of investment clarity. So tune in, take notes, and take charge of your financial fitness with insights that will transform the way you think about mutual funds.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: [email protected]
And, as always, STAY THE COURSE!
Previous Episode
#12 - Emergency Savings: Why are emergency savings important? Where to save it and how much is too much?
Unlock the secret to financial resilience as financial guru Ryan Nelson of Alchemy Wealth Management joins us to demystify emergency savings. Learn why having a safety net is more crucial than chasing the highest return when life throws you curveballs. Our chat goes beyond the basics, offering a personalized approach to determine just how much you need tucked away, depending on your unique job situation, risk tolerance, and lifestyle. We weave in stories from our own lives to illustrate why tailoring your emergency fund to your circumstances is not just wise, but essential for your peace of mind.
As the conversation shifts to the interplay between family finances and personal happiness, we share candid moments from our childhoods that shaped our understanding of money. Ryan and I debunk the common misconception that wealth equates to happiness, confronting the reality that after a certain point, more dollars don't spell more joy. This episode is more than just a financial talk; it's a heartfelt look into how early financial literacy can pave the way for a fulfilling life—striking a chord with anyone aiming to navigate their fiscal journey with a sense of purpose and tranquility.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: [email protected]
And, as always, STAY THE COURSE!
Next Episode
#14 - Exchange Traded Funds (ETFs): What is an ETF? What are the pros vs cons of ownership? Is an ETF right for you?
Unlock the secrets of Exchange Traded Funds with the help of Ryan Nelson from Alchemy Wealth Management, who joins me, Aaron, in a discussion that will alter your understanding of investments. Together, we shatter the myths surrounding ETFs and mutual funds, underscoring the unique features that make ETFs a prudent choice for individual investors. Ryan's expertise guides us through the intricacies of why these financial tools have surged in popularity, dissecting their structure that inherently protects you, the investor. Expect to have your take on the S&P 500 recalibrated as we address common misconceptions that often cloud its true nature.
As the episode progresses, the tone shifts from analytical to introspective, where Ryan and I exchange tales from our youth, revealing the dreams that set the stage for our professional endeavors. My journey took me from a fascination with veterinary science and golf course design to the structured world of engineering. Meanwhile, Ryan reminisces about his early fascination with watches and an unexpected detour through custom apparel that set him on his financial career path. Our candid discussion serves as a reminder that life is anything but linear, and with purpose, effort, and the right resources, the possibilities are endless. Join us for a conversation that's as much about nurturing your financial savvy as it is about embracing life's unpredictable adventure.
Blog Post
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: [email protected]
And, as always, STAY THE COURSE!
The Fiscal Physical Podcast - #13 - Mutual Funds: What is a mutual fund? What are the pros vs cons of ownership? Is a mutual fund right for you?
Transcript
Welcome to the fiscal physical podcast . Join us each week as we sit down with the founder of Alchemy Wealth Management and author of your fiscal physical , Ryan Nelson . Tune in to gain valuable insights and practical tips as we simplify complex financial concepts into digestible lessons . From budgeting to retirement planning , this podcast is your go-to resource for mastering financia
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