#128. The mutual fund industry is changing. Here's how.
08/15/23 • 79 min
Understanding mutual fund share classes helps transparency in financial services.
In this episode, Trishul and Aaron discuss mutual fund shares classes and the evolution of mutual funds over the last forty years. They describe how stock brokers transitioned to financial advisors and how the Internet improved investor education. Consumer demand and aligned incentives fostered the rise of fee-only investment advisers more than regulatory requirements. ETFs are not necessarily better than mutual funds if you understand how they work and where they came from.
Episode References
MMS #11. In the active vs. passive debate, fees and taxes matter more than trying to identify alpha
MMS #90. What you need to know about advisory fees.
Investing Forever - Active vs Passive
Vanguard Share Classes
Invesco S&P 500 Index A (passive mutual fund)
John Bogle (Vanguard Founder)
American Funds Growth Fund of Amer A
Vanguard S&P 500 Mutual Fund
Vanguard S&P 500 ETF
Vanguard Total Stock Market Index Fund
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
Understanding mutual fund share classes helps transparency in financial services.
In this episode, Trishul and Aaron discuss mutual fund shares classes and the evolution of mutual funds over the last forty years. They describe how stock brokers transitioned to financial advisors and how the Internet improved investor education. Consumer demand and aligned incentives fostered the rise of fee-only investment advisers more than regulatory requirements. ETFs are not necessarily better than mutual funds if you understand how they work and where they came from.
Episode References
MMS #11. In the active vs. passive debate, fees and taxes matter more than trying to identify alpha
MMS #90. What you need to know about advisory fees.
Investing Forever - Active vs Passive
Vanguard Share Classes
Invesco S&P 500 Index A (passive mutual fund)
John Bogle (Vanguard Founder)
American Funds Growth Fund of Amer A
Vanguard S&P 500 Mutual Fund
Vanguard S&P 500 ETF
Vanguard Total Stock Market Index Fund
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
Previous Episode
#127. When it is okay to not save enough?
Aaron and Trishul think it's okay not to save. WHAT?!?!
In this episode, Aaron and Trishul discuss scenarios when it is okay not to save for the future. When is traditional financial planning too conservative? When taking a life planning approach, it's okay to prioritize well-being over prudent financial decisions. It may require future flexibility, but with good process and intention, you should feel like you are living the life you want rather than making a sacrifice.
Episode References
MMS: What's the big deal about FIRE?
MMS: Most important financial advice for someone in their 20's
Kitces: 3 Types of Retirement
MMS: #15. George Kinder: Three life questions that will change everything.
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
Next Episode
#129. Ideal day, week...and societal expectations?
Ideal day, week, and year...but really why life is so hard.
In this episode, Aaron and Trishul begin an exercise to imagine their ideal day, week, and year. What does your perfect Monday look like? What might be too much for every day but sensible for once a week? They discuss the reasons why their model day feels so good. But then, they delve into competing societal pressures and soon uncover the challenges around putting an ideal day into action.
Episode References
MMS #15. George Kinder: Three life questions that will change everything.
MMS #18. Why happiness is not the answer to your problems.
MMS #7. The impact of friends, family, and communities on happiness.
Neuroscientist 'These 5 Things Will Improve Your Life Drastically'
George Kinder's Step-by-Step Guide: How to Develop a Life Plan and Live into Your Dreams of Freedom
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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