In Episode 4 of the Market MakeHer Podcast, Jess Inskip teaches us what mutual funds and exchange traded funds (ETFs) are and how they work - and whew - we learned a lot! If you couldn’t take notes while you listened, don’t worry - Jess wrote an article to help explain it in the Episode Equity for the Episode 4 page of the site and Jessie took notes, which can be found in the Dividends section of the site.   Here are some things we learned in Episode 04:The differences between mutual funds and ETFsActive vs PassiveYou can’t just buy the whole S&P 500, but you can buy a mirror of itAllll the types of funds that are out there (including Target Date Funds - yes, we will do a retirement episode!)Stocks are securities, but securities are so much more than stock (i.e. Stocks, Bonds, Funds, Money Markets - oh my!)Portfolios are like an easter egg basket analogyMutual Funds are like a group gift analogy (Bonds are “IOUs” - duh)Mutual Fund ticker symbols always has 5 letters and ends in "X"Jessie’s light bulb moment about Primary vs Secondary MarketsFees Fees Fees! (we also need to do an entire episode about taxes)How Mutual Funds and ETFs could make you money“The Greeks” and what Beta means - definitely marinating on this oneHow often Jessie says "like" - all the time apparently Bonus Tip: Don't leave your money sitting in a Money Market in your Brokerage Account! You have to take that money and then invest it in stocks, ETFs, Mutual Funds, etc. There was also a surprise pop-in visit from Darling Lady Darla, which you can enjoy on our YouTube channel.  As always, you can send us any questions you have about Mutual Funds, ETFs, or anything about the Stock Market at www.marketmakeherpodcast.com/contact-us or on any of our social channels. We are keeping them all organized to be answered in the appropriate episode. And PRETTY PLEASE, if you’re learning something from these episodes - share with your friends, leave us a review, subscribe - you know the deal. <3