Hi, welcome to week seven of our class. This week we're gonna build on our understanding of savings and investing by focusing on a specific vehicle that's attractive to most average investors and that is the mutual fund itself. This is the way many of us will access investments short of investing in individual securities and this is because we'll do this a lot as we'll learn through our retirement accounts, through our savings plans we might have for college education or other types of plans as well. Commonly used mutual funds are very similar types of instruments. So we're gonna learn a little bit about what's a mutual fund? How we make selections about them? What are some of the characteristics of them? How do they fit into our financial plan? And then very importantly, how do we pick from amongst the thousands and thousands of mutual funds to find the right one that's a good fit for our financial plan? To do that, we're gonna ask you on the assignment to actually focus in on the goals you've stated to us earlier in the course. We're gonna then ask you based upon the goal you fixed on to think about what mutual funds are the best fit for you and use the fund screeners that we suggest in class to help identify the right mutual funds that are a good fit for you. So that's what we'll be having you submit to us as an assignment is thinking about for your own personal financial plan, what types of mutual funds do you wanna get to? There's not necessarily one fund that's gonna best fit it, so we're asking you to help to identify a potential possible fund that you would have. So looking forward to hearing your discussions and thoughts about that. And of course, looking forward to seeing your assignments. Keep up the great work and thank you for making progress to your first personal financial future. Have a great week.
