Episode 153: How to Choose a Good Index Fund
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Index fund investing is the best way to invest in the stock market. It has low fees, is tax efficent, and hands off while providing better returns over a 10 year period compared to 90% of actively managed mutual funds.
However, not all index funds are created equal. There are index funds that have relatively high expenses and high turnover leading to tax inefficiency. There are also index funds that don’t track the index they are following particularly well, leading to subpar returns.
Choosing Index Funds is easy at Vanguard, Fidelity, or Charles Schwab who provide generally good index funds. But what about your employer sponsored retirement account where you may not have access to Vanguard or Fidelity Funds? Tune in to this week’s episode to learn how to look for a good index fund for your portfolio.
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Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .
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Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. While Dr Elisa Chiang is a money coach for physicians, she is not a c...
154 episodes