Investment companies, such as Vanguard and Fidelity Wealth Management, invest other peoples’ money in mutual funds. We will discuss this more later, but Vanguard’s invention of low cost mutual index funds has brought fees down dramatically. Historically, investment advisors charged fees of 1% of the value of your assets to manage your investments. Now, the average mutual fund fee at Vanguard (and others) is one-tenth of 1%.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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