October 7, 2025 • 12 mins
You ever wish investing could be as easy as hitting a Staples button? Well, Ralph’s got the scoop on mutual funds and ETFs, and trust me, they’re way less complicated than they sound. A listener asked about these bad boys, and Ralph’s diving deep into why they could be your ticket to a chill investment journey. We’re talking about how these funds let you spread your risk, ditch the stress, and even put your money in the hands of pros who know their stuff. So, if you’re looking for a solid way to start investing without all the headache, you’re gonna want to stick around for this chat!
Check the full podcast episode here
Alright, let’s dive into the nitty-gritty of mutual funds and ETFs, shall we? Ralph kicks off this episode with a light-hearted nod to those ‘easy’ buttons we all wish existed for investing. Spoiler alert: they kinda do, in the form of mutual funds and ETFs! Ever felt like you need a PhD just to understand what these things are? Yeah, same here. Ralph’s got your back as he dissects a listener's question about how to navigate these seemingly complicated waters.
He points out that mutual funds and ETFs are like having a team of financial superheroes on your side. You’re pooling your money with others, letting the pros handle the heavy lifting. It’s like joining a club where everyone chips in for snacks, and you get to enjoy a little bit of everything without the hassle of picking just one flavor. Ralph stresses that this is a fantastic way for newbies to dip their toes into the investment pool without feeling like they’re jumping off a diving board into the deep end.
And let’s not forget about diversification – Ralph’s mantra for avoiding financial heartache. He shares some real talk about the risks of betting on individual stocks and how spreading your investments can save you from the agony of a market crash. Plus, he reminds us that while mutual funds and ETFs can reduce risk, they don’t eliminate it entirely. So, plug in, listen up, and get ready to learn how to be financially savvy while keeping your faith front and center. It’s not just about making money; it’s about making wise decisions with the resources we’ve been blessed with.
Takeaways:
- Investing can be as easy as hitting a Staples button, and it doesn't have to be complicated.
- Mutual funds and ETFs allow you to pool your money, making investing way less risky.
- Don't worry about picking individual stocks; mutual funds give you a basket of options.
- Diversification is key—spreading your investments helps protect you from market falls.
- Research your existing retirement accounts to see what mutual funds or ETFs you're already in.
- Remember, investing isn't just about chasing quick wins; it’s about steady, smart choices.
Links referenced in this episode:
Companies mentioned in this episode:
- Vanguard
- Exxon
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
You ever search for that easyway to invest? I was thinking about
as I was preparing for theshow today, that Staples button,
you remember that thing from afew years back, it just said easy
on it. You press the button,well, what if investing could be
just like that? And I got agreat listener question. And it's
what the listener said. Shesaid, Ralph, I really don't understand
mutual funds and ETFs.Everyone talks about them, but they
(00:24):
sound complicated. Are theyactually worth it? And I thought
to myself, that is a trulygreat question. And I'm gonna talk
about fees later on becausethere are some fee considerations
with this. But that's exactlywhat I want to talk about on today's
show. I want to talk aboutmutual funds and ETFs, because if
you're looking for an easy wayto invest, this is really a great
(00:44):
way to get started. Let'scover that on today's show. This
is Financially ConfidentChristian, your daily dose of gospel,
grounded insight and faithdriven tips to to help you break
the cycle of financial shamewith confidence. Hello there. Welcome
to Financially ConfidentChristian. I'm Ralph and I'm so happy
(01:05):
that you've chosen to join metoday. The truth is, mutual funds
and ETFs are just not ascomplicated as they may seem. In
fact, a lot of people feeloverwhelmed when it comes to investing.
And that's why I decided to dothis 30 day series. Because I said
there are so many people that,that would benefit from learning
how just even if it's justbasic pieces of investing. Because
(01:28):
so many people feeloverwhelmed as soon as you use the
word investing. I've heard itso many times in my practice, Ralph.
As soon as you say that, Ifeel completely overwhelmed. But
the cool thing is these mutualfunds and ETFs, in a lot of ways
they may just reduce that overthem and they could be as simple
as that. Easy button. And I'vespent 30 years, it's hard to believe
(01:50):
when I think about it. I spent30 years working with people trying
to help people just like youbreak that financial shame that comes
along with bad financialdecisions. And in so many ways, a
lot of times it's just afunction of not understanding. So
you just need to be educatedon this thing. And that's the whole
reason that I started thisshow. It's all about how to become
(02:12):
a financially confidentChristian. And I did that because
my goal at the very onset ofthis was to give you the tools to
make better financialdecisions. And the thing is, most
people don't understand thatMutual funds and these EFTs, they've
already investing in them. Ifyou've cut a retirement plan at work
(02:32):
or you've got a 401k or 403bor 457b, they're all these type of
things, or an IRA. Oftentimesyou'll, your broker is investing
in mutual funds because you'renot investing in that one individual
stock. It's almost like agamble if you think about it. When
you're investing in that oneindividual stock, you better hope
(02:52):
you understand what you'reinvesting in. And I'm telling you
right now, this is the truth.This is brutal honesty. I've avoided
these things myself for somany years. I'll never forget my
oldest son called me one dayand he said, dad, I'm thinking about
investing in ETFs now. Ofcourse, I didn't want to sound like
an idiot when it came to myson's. I'm, oh, yeah, that's a great
idea, son. I had absolutely noidea what he was talking about. So
(03:14):
as soon as we hung up thephone, I got online, I started researching
these things and I had tolearn about them. And that's what
I wanted to convey to youtoday. What are we talking about
today? I'm going to make itreally simple. I want to simplify
this so that you canunderstand this, so that you can
put these things to work. AndI found this quote as we're preparing
for today's show. It's fromJack Bogle. Now, Jack is the founder
(03:34):
of Vanguard, and he famouslysaid this. He said, don't look for
the needle in the haystack,just buy the haystack. And in a lot
of ways, these mutual fundsand ETFs, that's exactly what they
are. They're the haystack. Oneof the things that these things do.
And honestly, that quote fromJack really captures what these mutual
(03:56):
funds and ETFs do. Becauseinstead of guessing, you're not trying
to bet on winners. You everhad that friend at work that says,
hey, Ralph, I got a sure betin the market, but these ETFs and
mutual funds are reallyallowing you to buy that basket.
So you can get all the winnersat the same time. And if you have
a loser, I should say, youdon't lose all your money. And it
(04:16):
completely removes theguesswork. So let's talk about the
basic principles of thesethings. A mutual fund. A lot of people
hear the word mutual fund.They say, Ralph, you've already lost
me. Don't get lost in this.Think about a pool. It's just a pool
of investments. It's just whena bunch of different investments
come together and they'remanaged by a professional. So if
you think about it, these bigWall street executives have these
(04:39):
folks that are money managersfor them. Well, you can do the same
thing by buying into a MutualFund or ETF. You basically have a
professional manager. Now,ETFs are just about the same as that.
Now, I'm not going to get intothe weeds in this, but. But basically,
an ETF is traded like a stock.It's sort of like a hybrid. So you
can buy these ETFs and you cantrade them just like you're on the
(05:02):
stock market. Here's the mostbeautiful part of all of this, the
reason that I'm really talkingabout this today. Both of these things
provide instantdiversification. One of the things
you want to be careful of whenyou're investing in the market is
you want to diversify yourinvestments. You don't want to have
all your eggs in one basket.I've had clients and been in that
situation before because thisis the key. You want to make sure
(05:25):
they're diversified. So if,for example, one industry fails,
and we're going to get into alittle bit more details here in a
few minutes, but if oneindustry fails or a particular company
in that industry fails, youdon't lose all your investment. And
they also. These things aregreat because they reduce that pressure.
So many people have said tome, Ralph, when it comes to investing,
(05:45):
I feel this pressure on me.And listen, I felt that pressure,
too. I've had people say tome, Ralph, what. What would you invest
in? Now, I, as a practice,don't offer direct investment advice.
I help people make investmentdecisions from the standpoint of
deciding to invest, how muchthey should put into it. I talk about
the tax impacts of that, but Idon't get into picking winners and
losers because there is a tonof pressure on that. And the thing
(06:08):
I want you to remember rightoff the jump here, before we even
move on at all, a lot ofpeople have asked me, they said,
Ralph, but if I invest inthese, is there no risk? Yes, there's
still risk. You're just notbetting on one. So you're removing
the gamble and you're removingthat thing about, oh, I'm going to
invest in these sure thingsbecause this thing's got to win for
me. How many times have youheard that around you, that sure
(06:31):
thing? Next thing you know,that stock's not Worth a thing. Well,
let's go a little deeper now,because I wanted to just. I want
to scratch the surface therefor a second, but now I want to go
a little deeper into this.Mutual funds are basically a weight
that you can gather money forfrom many investors. So that's basically
what a mutual fund is. Mutualfund goes out into the market and
they say, hey, we've got thisfund. This is our principle. This
(06:52):
is our prospectus of whatwe're going to do. This is the idea
that we have behind it. Amoney manager usually manages that,
and they buy a mix of stocks,they buy a mix of bonds, all different
things that go into that. Andguess what? When you invest in that
mutual fund, you're buying apiece of that mix. So you've maximized
your diversification.Generally, they're run by investment
(07:15):
managers who are much wiserthan you and I. Let's just be honest
with that. You don't come tome for investment advice. And like
I said, ETFs are very similar.The only difference with them is
they're a bit cheaper, so theyallow you to get into the market
at a much lower rate. I talkedabout that on the show the other
day. You can start withsomething as little as 25 bucks,
and you can buy and sell thesethroughout the day. Again, it all
(07:36):
comes down to diversification.If you work with an investment person,
if you work with a broker.Many of my clients work with brokers.
You may have a broker rightnow that you work with most of the
time. If you have an effectivebroker. I'll say I probably should
have said that from thebeginning. If you've got an effective
broker, they're going to workto help build diversification. Because
what does diversificationreally mean? I guess I should have
(07:57):
started there. You'respreading your risk. For example,
if you went out and playedjust one stock, and I had this situation
with a client not too manyyears back, they actually owned Exxon
stock. And I'm not picking onExxon, but. But Exxon, and this is
many years ago, had a majordisaster up in Alaska. And all of
a sudden that Exxon stock tooka nosedive because this particular
(08:20):
client was only invested inExxon stock. They weren't diversified.
So that stock turn hurt themimmensely. And that's the reason
to diversify. And like I said,I don't want you to miss out on this.
There is still risk in this.You can't completely eliminate risk,
but you're eliminating some ofit because you're smoothing out those
(08:41):
rises and falls in the marketbecause you've got this basket of
investments. And generallythey're in different sectors. What
I mean by that is you may havesome things in pharmaceuticals, you
may have things in utilities.And the idea is, generally speaking,
the whole market doesn't takea crap at the same time. And it's
kind of a harsh way to say it,but generally that's the way it works.
It doesn't all happen at once.So by buying this basket of investments,
(09:05):
you're spreading that riskover many things. And you've got
to understand, though, costsdo matter. I'm gonna talk about that
later on in this week. I'mgonna tell you how to really get
under the hood and see whatyour costs are related to these investments.
Because some mutual fundsunfortunately have some pretty high
costs. But you gotta go intothat, understanding that. And I always
(09:26):
wanna tie things back intoScripture. That's one of the reasons
you join me, I hope. I alwayswant to try to base us in scripture.
And I found this quote fromthe book of Proverbs. It's from Proverbs
24, verse 27, and it says, putyour outdoor work in order and get
your fields ready. After that,build your house. And that's exactly
what I'm talking about ontoday's show. Diversification. It's
(09:48):
about laying out that rightfoundation first. When I work with
small business clients, thething I tell them time and time again
is, is it starts with a strongfoundation while mutual funds and
ETFs help get you to thatstrong foundation. So if you're like
me, I would love to have astrong foundation. This is a great
way to start. How about wepray together today? Lord, we just
(10:10):
thank you for the provisionyou give us in our lives, Lord. We
thank you for these thingslike mutual funds and ETFs, Lord.
And as we navigate theseinvestments decisions, Lord, we would
ask that you would help us tobe wise and help us to find ways
to. To simplify these thingsthat can be so confusing on their.
On their basis of what weusually see, Lord. But at the same
(10:32):
time, Lord, help us to bepatient. Help us to not always be
looking for that one bigwinner, that one thing that's going
to just shock the market. Andwe're going to. We're going to make
a ton of money overnight,Lord. Help us to invest steadily,
Lord, because that's what yourword talks about. That, that honest
and routine and consistentinvestment. Lord, help us not to
chase those fads. It's so easyto chase those fads. Those get rich
(10:55):
quick overnight things, Lord.And Lord, we just always surrender
our trust in you, Lord. We'renot trusting in the market. We're
not trusting in our money,Lord. We're trusting in you. And
we just surrender that to you.And we ask all these things in the
precious name of Jesus. Amen.I always want to give you an action
item as well. And I thoughtabout, okay, well, what can I do
today? Here's a great idea. Gointo your retirement. Most people
(11:17):
have a retirement account orsome sort of investment account.
If you don't, this is a greatidea to start studying those things.
But log into your account andtake a look at what you have. Chances
are you're going to beinvested in mutual funds or ETFs.
Go find that name of thatmutual fund and do some research
about it. See what companiesmake up that mutual fund. It might
be surprising to you just howmany companies you're investing.
(11:41):
A lot of people are surprisedwhen they do this. Like Ralph, I
didn't realize I invested inall these companies. I just thought
I had this mutual fund, thisAmerican fund, or this Vanguard fund.
But when they got into it,they were amazed at how many different
companies they were actuallyinvesting in. So that's really my
action plan for today. Make asmart decision. Go understand what
you're investing in. I justwant to thank you for joining me
(12:01):
on the show today. If you'vegot a question you'd like to have
answered on the show, I wouldlove to get that question from you.
Just go to justaskralph.comyou can put your name, your email
address in and send over thequestion and I'll feature it on the
show. And as I close, I justwant to thank you for the confidence
you place in me by joining theshow every day. My goal is to help
you become a more financiallyconfident Christian. So as you go
(12:24):
about your day today, stayfinancially savvy. God bless you,
and you have a great day today.
You ever search for that easyway to invest? I was thinking about
as I was preparing for theshow today, that Staples button,
you remember that thing from afew years back, it just said easy
on it. You press the button,well, what if investing could be
just like that? And I got agreat listener question. And it's
what the listener said. Shesaid, Ralph, I really don't understand
mutual funds and ETFs.Everyone talks about them, but they
(00:24):
sound complicated. Are theyactually worth it? And I thought
to myself, that is a trulygreat question. And I'm gonna talk
about fees later on becausethere are some fee considerations
with this. But that's exactlywhat I want to talk about on today's
show. I want to talk aboutmutual funds and ETFs, because if
you're looking for an easy wayto invest, this is really a great
(00:44):
way to get started. Let'scover that on today's show. This
is Financially ConfidentChristian, your daily dose of gospel,
grounded insight and faithdriven tips to to help you break
the cycle of financial shamewith confidence. Hello there. Welcome
to Financially ConfidentChristian. I'm Ralph and I'm so happy
(01:05):
that you've chosen to join metoday. The truth is, mutual funds
and ETFs are just not ascomplicated as they may seem. In
fact, a lot of people feeloverwhelmed when it comes to investing.
And that's why I decided to dothis 30 day series. Because I said
there are so many people that,that would benefit from learning
how just even if it's justbasic pieces of investing. Because
(01:28):
so many people feeloverwhelmed as soon as you use the
word investing. I've heard itso many times in my practice, Ralph.
As soon as you say that, Ifeel completely overwhelmed. But
the cool thing is these mutualfunds and ETFs, in a lot of ways
they may just reduce that overthem and they could be as simple
as that. Easy button. And I'vespent 30 years, it's hard to believe
(01:50):
when I think about it. I spent30 years working with people trying
to help people just like youbreak that financial shame that comes
along with bad financialdecisions. And in so many ways, a
lot of times it's just afunction of not understanding. So
you just need to be educatedon this thing. And that's the whole
reason that I started thisshow. It's all about how to become
(02:12):
a financially confidentChristian. And I did that because
my goal at the very onset ofthis was to give you the tools to
make better financialdecisions. And the thing is, most
people don't understand thatMutual funds and these EFTs, they've
already investing in them. Ifyou've cut a retirement plan at work
(02:32):
or you've got a 401k or 403bor 457b, they're all these type of
things, or an IRA. Oftentimesyou'll, your broker is investing
in mutual funds because you'renot investing in that one individual
stock. It's almost like agamble if you think about it. When
you're investing in that oneindividual stock, you better hope
(02:52):
you understand what you'reinvesting in. And I'm telling you
right now, this is the truth.This is brutal honesty. I've avoided
these things myself for somany years. I'll never forget my
oldest son called me one dayand he said, dad, I'm thinking about
investing in ETFs now. Ofcourse, I didn't want to sound like
an idiot when it came to myson's. I'm, oh, yeah, that's a great
idea, son. I had absolutely noidea what he was talking about. So
(03:14):
as soon as we hung up thephone, I got online, I started researching
these things and I had tolearn about them. And that's what
I wanted to convey to youtoday. What are we talking about
today? I'm going to make itreally simple. I want to simplify
this so that you canunderstand this, so that you can
put these things to work. AndI found this quote as we're preparing
for today's show. It's fromJack Bogle. Now, Jack is the founder
(03:34):
of Vanguard, and he famouslysaid this. He said, don't look for
the needle in the haystack,just buy the haystack. And in a lot
of ways, these mutual fundsand ETFs, that's exactly what they
are. They're the haystack. Oneof the things that these things do.
And honestly, that quote fromJack really captures what these mutual
(03:56):
funds and ETFs do. Becauseinstead of guessing, you're not trying
to bet on winners. You everhad that friend at work that says,
hey, Ralph, I got a sure betin the market, but these ETFs and
mutual funds are reallyallowing you to buy that basket.
So you can get all the winnersat the same time. And if you have
a loser, I should say, youdon't lose all your money. And it
(04:16):
completely removes theguesswork. So let's talk about the
basic principles of thesethings. A mutual fund. A lot of people
hear the word mutual fund.They say, Ralph, you've already lost
me. Don't get lost in this.Think about a pool. It's just a pool
of investments. It's just whena bunch of different investments
come together and they'remanaged by a professional. So if
you think about it, these bigWall street executives have these
(04:39):
folks that are money managersfor them. Well, you can do the same
thing by buying into a MutualFund or ETF. You basically have a
professional manager. Now,ETFs are just about the same as that.
Now, I'm not going to get intothe weeds in this, but. But basically,
an ETF is traded like a stock.It's sort of like a hybrid. So you
can buy these ETFs and you cantrade them just like you're on the
(05:02):
stock market. Here's the mostbeautiful part of all of this, the
reason that I'm really talkingabout this today. Both of these things
provide instantdiversification. One of the things
you want to be careful of whenyou're investing in the market is
you want to diversify yourinvestments. You don't want to have
all your eggs in one basket.I've had clients and been in that
situation before because thisis the key. You want to make sure
(05:25):
they're diversified. So if,for example, one industry fails,
and we're going to get into alittle bit more details here in a
few minutes, but if oneindustry fails or a particular company
in that industry fails, youdon't lose all your investment. And
they also. These things aregreat because they reduce that pressure.
So many people have said tome, Ralph, when it comes to investing,
(05:45):
I feel this pressure on me.And listen, I felt that pressure,
too. I've had people say tome, Ralph, what. What would you invest
in? Now, I, as a practice,don't offer direct investment advice.
I help people make investmentdecisions from the standpoint of
deciding to invest, how muchthey should put into it. I talk about
the tax impacts of that, but Idon't get into picking winners and
losers because there is a tonof pressure on that. And the thing
(06:08):
I want you to remember rightoff the jump here, before we even
move on at all, a lot ofpeople have asked me, they said,
Ralph, but if I invest inthese, is there no risk? Yes, there's
still risk. You're just notbetting on one. So you're removing
the gamble and you're removingthat thing about, oh, I'm going to
invest in these sure thingsbecause this thing's got to win for
me. How many times have youheard that around you, that sure
(06:31):
thing? Next thing you know,that stock's not Worth a thing. Well,
let's go a little deeper now,because I wanted to just. I want
to scratch the surface therefor a second, but now I want to go
a little deeper into this.Mutual funds are basically a weight
that you can gather money forfrom many investors. So that's basically
what a mutual fund is. Mutualfund goes out into the market and
they say, hey, we've got thisfund. This is our principle. This
(06:52):
is our prospectus of whatwe're going to do. This is the idea
that we have behind it. Amoney manager usually manages that,
and they buy a mix of stocks,they buy a mix of bonds, all different
things that go into that. Andguess what? When you invest in that
mutual fund, you're buying apiece of that mix. So you've maximized
your diversification.Generally, they're run by investment
(07:15):
managers who are much wiserthan you and I. Let's just be honest
with that. You don't come tome for investment advice. And like
I said, ETFs are very similar.The only difference with them is
they're a bit cheaper, so theyallow you to get into the market
at a much lower rate. I talkedabout that on the show the other
day. You can start withsomething as little as 25 bucks,
and you can buy and sell thesethroughout the day. Again, it all
(07:36):
comes down to diversification.If you work with an investment person,
if you work with a broker.Many of my clients work with brokers.
You may have a broker rightnow that you work with most of the
time. If you have an effectivebroker. I'll say I probably should
have said that from thebeginning. If you've got an effective
broker, they're going to workto help build diversification. Because
what does diversificationreally mean? I guess I should have
(07:57):
started there. You'respreading your risk. For example,
if you went out and playedjust one stock, and I had this situation
with a client not too manyyears back, they actually owned Exxon
stock. And I'm not picking onExxon, but. But Exxon, and this is
many years ago, had a majordisaster up in Alaska. And all of
a sudden that Exxon stock tooka nosedive because this particular
(08:20):
client was only invested inExxon stock. They weren't diversified.
So that stock turn hurt themimmensely. And that's the reason
to diversify. And like I said,I don't want you to miss out on this.
There is still risk in this.You can't completely eliminate risk,
but you're eliminating some ofit because you're smoothing out those
(08:41):
rises and falls in the marketbecause you've got this basket of
investments. And generallythey're in different sectors. What
I mean by that is you may havesome things in pharmaceuticals, you
may have things in utilities.And the idea is, generally speaking,
the whole market doesn't takea crap at the same time. And it's
kind of a harsh way to say it,but generally that's the way it works.
It doesn't all happen at once.So by buying this basket of investments,
(09:05):
you're spreading that riskover many things. And you've got
to understand, though, costsdo matter. I'm gonna talk about that
later on in this week. I'mgonna tell you how to really get
under the hood and see whatyour costs are related to these investments.
Because some mutual fundsunfortunately have some pretty high
costs. But you gotta go intothat, understanding that. And I always
(09:26):
wanna tie things back intoScripture. That's one of the reasons
you join me, I hope. I alwayswant to try to base us in scripture.
And I found this quote fromthe book of Proverbs. It's from Proverbs
24, verse 27, and it says, putyour outdoor work in order and get
your fields ready. After that,build your house. And that's exactly
what I'm talking about ontoday's show. Diversification. It's
(09:48):
about laying out that rightfoundation first. When I work with
small business clients, thething I tell them time and time again
is, is it starts with a strongfoundation while mutual funds and
ETFs help get you to thatstrong foundation. So if you're like
me, I would love to have astrong foundation. This is a great
way to start. How about wepray together today? Lord, we just
(10:10):
thank you for the provisionyou give us in our lives, Lord. We
thank you for these thingslike mutual funds and ETFs, Lord.
And as we navigate theseinvestments decisions, Lord, we would
ask that you would help us tobe wise and help us to find ways
to. To simplify these thingsthat can be so confusing on their.
On their basis of what weusually see, Lord. But at the same
(10:32):
time, Lord, help us to bepatient. Help us to not always be
looking for that one bigwinner, that one thing that's going
to just shock the market. Andwe're going to. We're going to make
a ton of money overnight,Lord. Help us to invest steadily,
Lord, because that's what yourword talks about. That, that honest
and routine and consistentinvestment. Lord, help us not to
chase those fads. It's so easyto chase those fads. Those get rich
(10:55):
quick overnight things, Lord.And Lord, we just always surrender
our trust in you, Lord. We'renot trusting in the market. We're
not trusting in our money,Lord. We're trusting in you. And
we just surrender that to you.And we ask all these things in the
precious name of Jesus. Amen.I always want to give you an action
item as well. And I thoughtabout, okay, well, what can I do
today? Here's a great idea. Gointo your retirement. Most people
(11:17):
have a retirement account orsome sort of investment account.
If you don't, this is a greatidea to start studying those things.
But log into your account andtake a look at what you have. Chances
are you're going to beinvested in mutual funds or ETFs.
Go find that name of thatmutual fund and do some research
about it. See what companiesmake up that mutual fund. It might
be surprising to you just howmany companies you're investing.
(11:41):
A lot of people are surprisedwhen they do this. Like Ralph, I
didn't realize I invested inall these companies. I just thought
I had this mutual fund, thisAmerican fund, or this Vanguard fund.
But when they got into it,they were amazed at how many different
companies they were actuallyinvesting in. So that's really my
action plan for today. Make asmart decision. Go understand what
you're investing in. I justwant to thank you for joining me
(12:01):
on the show today. If you'vegot a question you'd like to have
answered on the show, I wouldlove to get that question from you.
Just go to justaskralph.comyou can put your name, your email
address in and send over thequestion and I'll feature it on the
show. And as I close, I justwant to thank you for the confidence
you place in me by joining theshow every day. My goal is to help
you become a more financiallyconfident Christian. So as you go
(12:24):
about your day today, stayfinancially savvy. God bless you,
and you have a great day today.
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