Long-Term Investing with Pooled Funds

Explain the principle of diversification and its role in managing portfolio risk.

Define what an index fund is and contrast passive vs. active management.

Compare mutual funds and ETFs in terms of costs, trading, and tax efficiency.

Evaluate an ETF using its expense ratio, holdings, and assets under management.

Implement a dollar-cost averaging strategy to invest consistently over time.

Build a simple, diversified portfolio using a small number of broad-market index funds or ETFs.