#23 - Should you buy stocks, ETFs, or mutual funds?

I remembered the first time I opened an account to buy mutual funds at my local bank. 😊⁣
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I went there to open an investment account so that I can buy stocks, but soon, the financial planner asked me to fill out the "personal profile test" and deemed that I was much suitable to invest in mutual funds. 🙄⁣
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"𝘚𝘵𝘰𝘤𝘬 𝘪𝘴 𝘸𝘢𝘺 𝘵𝘰𝘰 𝘳𝘪𝘴𝘬𝘺! 𝘠𝘰𝘶 𝘥𝘰𝘯'𝘵 𝘮𝘢𝘫𝘰𝘳 𝘪𝘯 𝘧𝘪𝘯𝘢𝘯𝘤𝘦, 𝘥𝘰 𝘺𝘰𝘶?" 🙁⁣

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Soon, I doubted myself, all the stock books I've read and homework I've done were in vain, oh well, I'm not a financial student after all….right??? 😥⁣
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So I bought the mutual fund instead and did not know anything about what I was buying. 😖⁣
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The financial planner just showed me the chart and told me that the fund was a superstar! 😨⁣
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𝘐 𝘮𝘦𝘢𝘯, 𝘸𝘩𝘰 𝘢𝘮 𝘐 𝘵𝘰 𝘥𝘰𝘶𝘣𝘵 𝘵𝘩𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘭𝘢𝘯𝘯𝘦𝘳𝘴 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦𝘪𝘳 𝘴𝘩𝘪𝘯𝘪𝘯𝘨 𝘥𝘦𝘨𝘳𝘦𝘦𝘴 𝘢𝘯𝘥 𝘤𝘦𝘳𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘦𝘴 𝘢𝘯𝘥 𝘣𝘦𝘢𝘶𝘵𝘪𝘧𝘶𝘭 𝘰𝘧𝘧𝘪𝘤𝘦, 𝘵𝘩𝘦𝘺 𝘮𝘶𝘴𝘵 𝘬𝘯𝘰𝘸 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘮𝘦, 𝘳𝘪𝘨𝘩𝘵??? 😬⁣
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𝐃𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐬𝐭𝐨𝐫𝐲 𝐬𝐨𝐮𝐧𝐝 𝐬𝐢𝐦𝐢𝐥𝐚𝐫? 🥵⁣
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Of course, mutual funds are an excellent investment - 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐚𝐧𝐤! 😡⁣
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In fact, most major banks make their most significant revenue from selling mutual funds! 🤬⁣
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That's why whenever I go, I always tell people to either buy stocks on their own if they love doing researches and reading the financial statement or invest in ETFs. 🥳⁣
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This is the same bullshit that banks have been trying to sell you. Nowadays, I don't even use a traditional bank but online banking. 🤫⁣
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Why will I deposit my money so that you can lend out 10 times more to make the interests, and without sharing any profit with me, yet still charing me transaction fees? 😖⁣
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𝐘𝐨𝐮'𝐫𝐞 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐮𝐬𝐢𝐧𝐠 𝐦𝐲 𝐦𝐨𝐧𝐞𝐲 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐦𝐨𝐧𝐞𝐲 𝐚𝐧𝐝 𝐜𝐡𝐚𝐫𝐠𝐞 𝐦𝐞 𝐦𝐨𝐧𝐞𝐲 𝐟𝐨𝐫 𝐭𝐡𝐚𝐭! 🤬⁣
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The traditional banks are losing business because they do not have good services. 💩⁣
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The mutual fund managers are losing clients because they can't beat the market, and yet, they charge you!!! 💩⁣
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They charge you, even if they lose your money! 💩⁣
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How ridiculous is that!!! 💩💩💩💩⁣
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𝐇𝐚𝐯𝐞 𝐲𝐨𝐮 𝐞𝐯𝐞𝐫 𝐨𝐰𝐧𝐞𝐝 𝐦𝐮𝐭𝐮𝐚𝐥 𝐟𝐮𝐧𝐝𝐬?