I'm not a licensed financial advisor (which may be a good thing for this blog post). I'm neither a CFA (Chartered Financial Analyst) nor a CFP (Certified Financial Planner).
I'm just a Tentmaking Pastor sharing educational information that has helped me and may help you as well.
When I first started saving for retirement, the professionals that I talked to recommended that I place my money in actively managed mutual funds that would hopefully "beat the market." No guarantees of course. I didn't realize at the time how much they, and many others, would benefit from me investing in these types of mutual funds. And I also didn't realize how often I wouldn't "beat the market" by investing in these funds.
I figured if I was going to be saving hundreds of thousands of dollars over my working career investing in these mutual funds via my retirement accounts, I better understand how they work.
What I ended up learning from the likes of Warren Buffett,...