Owen Rascovitch

And actually, before I jump ahead, just so people know what a managed fund is, this is where you give someone some money.

You don't give it to them, but you say, professional investor, here's $10,000.

Okay, so when we talk about managed funds and ETFs, what we're saying is that you effectively, you as a personal investor, you are just putting your money with another organization like a company or an individual professional and they do it for you, right?

Yeah.

So that's kind of like instead of buying individual shares yourself, you just send them the money and then they do it.

Okay, so that would be a pretty helpful way for some people to invest who don't have the time or the curiosity to really go and do their own thing.

Okay, cool.

So we talked a bit about ETFs in another episode, didn't we?

So the way you'd buy a managed fund is you'd effectively find the one you want, fill out the PDS or like the paperwork.

Of course.

And with an ETF, you would use a sharebroking account to buy that.

Right.

Okay.

So that's all making sense.

Now, we've talked about super as well.

That's another option that people have.

They're mandatory or you can put extra in if you want to.

If I'm not mistaken, you invest in a few different ways, but one of the ways you do it is through something called a robo-advisor.

Yeah.

So can you explain to listeners what that is?