What Ron Burgundy Teaches Us About Mutual Funds (Hint: It’s not an old wooden ship)

Wall Street Two Signs

Ron Burgundy believed that diversity was old wooden ship, but diversity is also a great reason to invest in mutual funds. (kinda wish that they would have asked Brick Tamland for his opinion).

I answered this question on Quora.

To answer this question, I’ve explained mutual funds and also provided a tool you can use to find the best performing mutual funds. Prateek Mehta makes a great point in his Quora response, which is that there no specific mutual fund for every investor. Also, keep in mind that past performance does not guarantee future performance.

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What Is The Best Way To Make Money?

There are many money-making paths you can go down, but you’ll be miserable if you pick the wrong one. If the path you choose feels like drudgery, you probably won’t succeed.

I loved how Mladen Adamovic started this answer to this question, because it illustrates how we all have our own biases about business ideas. Remember the advice Dustin Hoffman got in The Graduate?

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