Boring old mutual funds |
Revolutionary new Youtual Funds |
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| Created by |
A handful of large financial institutions, creating generic investments for the masses. |
Thousands of smart people with thousands of ideas, all over the world. |
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| What happens when you buy a share |
Your brokerage account will buy one share of the mutual fund. It's like owning one share of a business ... which itself owns many different stocks. It's like being a partner in the business. |
Your brokerage account will buy lots of different stocks directly. Your account owns these shares, cutting out the middle man. |
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| How you make money trading them |
The value of the stocks in the mutual fund's "coffers" go up, making the value of each mutual fund share go up. |
The shares held in your brokerage account rise in value. |
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| Invented when |
1902 |
Uh, what year is it? |
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| Key characteristic |
Bad breath |
General hotness |