Mutual funds and ETFs are both types of investments that represent a group of individual stocks and are generally managed in some way, either by a person or by a fixed algorithm. Mutual funds have some tax implications that can by annoying for people so ETFs tend to be preferred for taxable accounts (in the US at least).
Yeah I think that’s where the distinction between rich and wealthy comes in. You still have to work for a living and are closer to homelessness than renting out Venice for a wedding (for instance).
I just replaced all my recalled Mideas with GE Profile ClearViews. We’ve been running them through the current northeast US heatwave and they’ve been very good. Definitely get one of the inverter driven ones (10 or 12k BTUs I think, the smaller ones aren’t).
They want you to know that you will be split unless you pay extra. It’s a marketing threat.