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Spend Less Than You Earn - To spend less than you earn, basically, means to live within your means. In other words, if you don't have the cash to...

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Fund Manager

Definition: The fund manager (also known as the "portfolio manager") is a person who manages a mutual fund.  They're responsible for deciding what stocks and bonds to purchase and how much to purchase.  They typically have a team of analysts advising them and analyzing the fund's holdings.

TeenAnalyst Advice: I usually don't put too much emphasis on the fund manager when picking mutual funds.  It's important to have an ethical manager with a considerable amount of experience.  But, to me, most portfolio managers are alike.

Funds are obligated to display their largest holdings.  So if you want to see what your fund manager is buying for the mutual fund, you can look this information up.

One of the best fund managers of all time: Peter Lynch.


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