For most finance novices, the language of mutual funds can be a mix of daunting, impressive, and suspicious.
Every style of mutual fund offers something a bit different. But their explanations are often lacking and confusing.
Enter Josh Brown, aka The Reformed Broker, with his mutual fund brochure decoder. In it Brown makes a less-than-serious effort to translate some of the jargon mutual fund clients are confronted by.
More often then not, a typical actively managed mutual fund will do worse than a generic index fund, which cheaply replicates the performance of a major benchmark like the S&P 500.
It appears it's for this reason that Brown employs a snarky tone with all of these alternative styles. Check it out:
