Fund Manager

Series Summary

Finance, whether personal or corporate, refers to money management. Creating a personal budget and managing money organizes personal finances to avoid debt caused by frivolous spending. When a surplus of money is formed, investing is an option that makes money work harder. Investing varies from low-risk certificates of deposit to high-risk stocks. Being smart with money can create a healthy savings for the future or retirement. In this free video series, learn about financial planning strategies. Expert Patrick Munro discusses some basic information to prepare for the future. Learn all about picking mortgages. Murno discusses the different types of mortgages too. Also, discover the world of the mutual fund. Find out the benefits and disadvantages of mutual funds. Also, find out how to calculate the the profits of a mutual fund. Murno also gives information on credit cards, debit cards and pre-paid cards. So, take a moment, and learn more about financial planning today!

Video Transcript

"This is Patrick Munro, financial adviser. We're talking today about, what is a fund manager. Mutual funds are very widely held financial planning instrument, and of course they have a wide variety of sectors that you can invest your money in. Mutual fund companies look to recruit individuals that have expertise in these areas. And a fund manager takes the money that comes into the fund, and using his area of expertise, be that in oil, precious metal, real estate, whatever his area of expertise is, he will take that money and buy stocks that are used to value the investment. And if he does it correctly, buying and selling stocks in the market that reflect the funds decisions, he will be a successful fund manager. If he doesn't do so well, he'll be an unsuccessful fund manager. And in fact 70 percent of mutual funds miss their lipper averages, so it's a very challenging field. If you're good at it, you can be recruited away from your fund to another fund, and normally they pay very high bonuses for that type of talent. This is Patrick Munro discussing what is a fund manager."