Managed Funds and outperforming 80% of the market

In this episode, we are looking at managed funds. We'll look at the pros and cons, but perhaps more importantly, we'll give you an action plan that can give you far more control and the chance of outperforming 80% of the market.   What is a managed fund? What are their pros and cons? How do they work? What is their performance? Are they really worth it?   00:00 Intro 01:30 What is managed fund? 02:21 Examples of the benefits 03:50 A balanced fund 06:09 What about the administration side of the managed funds? 06:55 What's the difference between a hedge fund and managed fund? 10:30 Why do I really care if my fund manager underperforms the index? 12:07 What kind of impact does higher inflation have on your future buying power if you are underperforming just the basic benchmark? 15:35 ETF 19:56 What is a "tracking error"?   Subscribe to our Channel: https://www.youtube.com/channel/UCfmaldKMEUc5qXeIQ7zEBeA?sub_confirmation=1    Wealth Masterclass: https://www.wealthmasterclass.com.au/    FREE Online Training with Andrew Baxter: https://bit.ly/cod-online