Index Funds vs Mutual Funds vs ETFs: What's The Difference?
Channel: AJ Mobile Money
Date: 2020-03-18

I would like to take some time to talk about Index Funds vs Mutual Funds vs ETFs. There's a lot of confusion on the differences between Index Funds, Mutual Funds, and ETFs, however there are a lot of similarities between the three is well. It is important to know the differences when you're sharing this information with your friends and family in order to reduce any confusion when purchasing these financial assets. 

In this video I will discuss:
What is a Mutual Fund?
What is an Index Fund? 
What is an ETF?
Who makes them, and why are they important?

Some of the most popular funds from Vanguard are VTSAX, VFINX, VTI, and VOO. Two of these are Mutual Funds, and two are ETFs, but all 4 are Index Funds of either the Total Stock Market or the S&P 500! You can see how this can get very confusing very easily. 

*Note: I incorrectly mentioned in this video that Apple is no longer part of the S&P 500. Apple is now part of both the Dow Jones Index, and the S&P 500 Index, it was not removed from the S&P just added to Dow! Updated mentioned in future video! 
https://youtu.be/ZeSDUVeSlvw

Investment Account Referrals:
     M1 Finance: Free Trading, Automated Investing, made simple!
     https://bit.ly/AJMMM1Finance

     Webull App: receive 2 Free Shares of Stock valued between $6-$1,400
     https://bit.ly/AJMMWebull

     SoFi Invest receive $100 Bonus after $1000 Deposit (Brokerage Account):
     https://bit.ly/AJMMSoFiInvest

     Public App (formerly Matador Investing App) receive up to $50 Stock Sign up Bonus
     https://bit.ly/AJMMPublicApp

     Acorns App: Invest your spare change! https://bit.ly/AJMMAcorns

     Robinhood: receive 1 Free Share of Stock! 
     https://bit.ly/AJMMRobinhood

     Firstrade: receive 1 Free Share of Stock!
     https://bit.ly/AJMMFirstrade

     Cash App: Transfer Money, Invest in Stock or Bitcoin, Cash Card discounts: $5 Bonus
     https://bit.ly/AJMMCashApp

     Coinbase (Cryptocurrency) $10 Free Bitcoin:
     https://bit.ly/AJMMCoinbase

Bank Account Referrals:
     SoFi Money $25 Bonus after $100 Deposit (Checking/Savings Account): https://bit.ly/AJMMSoFiMoney 
     SoFi Loans $100 Bonus (Personal Loans): https://bit.ly/AJMMSoFiLoan
     
     Credit Karma Savings: https://bit.ly/AJMMCreditKarmaSavings
     Credit Karma Tax: https://bit.ly/AJMMCreditKarmaTax
     Personal Capital Cash Savings Account: https://bit.ly/AJMMPersonalCapital
     Lively HSA Provider: https://bit.ly/AJMMLivelyHSA
     PolicyGenius Life Insurance: https://bit.ly/AJMMPolicyGenius

Cash Back App Referrals:
     Ebates/Rakuten Code: AJMOB14 Get $10 Sign up Bonus https://bit.ly/AJMMEbatesRakuten
     Get Pei App Code: 4ozbzr Get $2.50 Sign up Bonus https://bit.ly/AJMMPeiApp
     GetUpside Code: FAB72 Get .15¢ /gal Sign up Bonus https://bit.ly/AJMMGetUpside
     Shell Fuel Rewards: Save 5¢ /gal on every fill-up https://bit.ly/AJMMShellFuelRewards
     Drop App Code: bjse9 Get $5 Sign up Bonus  https://bit.ly/AJMMDropApp
     Dosh App Code: AJM62 Give $1 Sign up Bonus https://bit.ly/AJMMDoshApp
     iBotta App: Get $20 Welcome Bonus! https://bit.ly/AJMMiBotta
     Bits of Stock: waitlist https://bit.ly/AJMMBitsOfStock
     Bumped Waitlist: https://bit.ly/AJMMBumped

Credit Card Referrals:
     Chase Sapphire Preferred 60K Bonus Points: https://bit.ly/AJMMChaseSapphirePreferred
     Discover Credit Card: $50 Statement Credit https://bit.ly/AJMMDiscoverCard
     CapitalOne Quicksilver: $150 Bonus https://capital.one/2uJXQOt

Non-Financial Referrals:
     Mobile Phone Service:
     Visible Wireless $20 off 1st month using code B3mT9 https://bit.ly/AJMMVisibleWireless
     Xfinity Mobile or Residential: https://bit.ly/AJMMXfinity
     Ting New signup gets $25 Phone Bill Credit: https://bit.ly/AJMMTingWireless

     Security/Privacy:
     NordVPN: 70% Off 3 Year Plan (Best price for Best VPN)
     https://bit.ly/AJMMNordVPN
     Windscribe VPN: Free or Pro Plan. Pro Plan recommended for more features.
     https://bit.ly/AJMMWindscribeVPN
     LastPass Password Manager: https://bit.ly/AJMMLastPass

Checkout My Gear!
     Amazon Merch:
https://www.amazon.com/s?rh=n%3A7141123011%2Cp_4%3AAJ+Mobile+Money&ref=w_bl_sl_s_ap_web_7141123011
     TeeSpring: https://teespring.com/stores/aj-mobile-money

AJ Mobile Money's Favorite Books: 
https://www.ajmobilemoney.com/books.html

Follow me on Social Media:
     Blog: https://www.ajmobilemoney.com/ 
     Email List: https://bit.ly/AJMMEmailList
     Instagram: https://www.instagram.com/ajmobilemoney/ 
     Facebook: https://www.facebook.com/AJMobileMoney/
     Twitter: https://twitter.com/AJ_Mobile_Money

If you would like to translate this video for non-English speaking audiences, please use the link below! We appreciate Community Contributions, and Thank You in advance!
http://www.youtube.com/timedtext_cs_panel?c=UC2Q0PoLXuROP4IcQIgsqMvA&tab=2

#AJMobileMoney #PersonalFinance #MillennialMoney