Joe and Big Al go over four different ways to invest: individual positions, retail mutual funds, index funds, ETFs and evidence-based institutional funds.
0:20 “When you get into the asset classes, a way you could invest is that you could have individual stocks”
0:32 “Retail mutual funds would be the next way to go, and we believe that’s better because now you’re more diversified but there tends to be a problem: a lot of retail mutual funds are very expensive; they have a lot of high internal costs, some even have load fees to get in the first place”
0:45 “Index funds and ETFs are definitely a better choice, you’re still very well diversified and they tend to be very low cost”
1:14 “If you’re an index fund, an ETF or institutional type fund, you’re going to be a lot lower cost, a lot happier with your rate of return over time”