http://www.GuaranteeMyMoney.com. Learn why mutual fund managers CAN't do their best for you. Hear an insider's perspective on mutual funds and why they are not all they are cracked up to be.

Video Transcription

(Music Playing) GuaranteeMyMoney.com Male: Hello there, there is maybe a little bit of a side bar but let us compare that U.R. the bank to mutual funds which you have some experienced at. What are the differences because I hear this guy is doing mutual funds making 15%, 20%, 30% last year, but not every year. Joshua Duggins: Not certainly, not every year. I challenge people to look at the first quarter statements that they are going to receive this year. In case you have been watching CNBC, we have been having a raffle to spell here, okay. Very highly volatile, we may be up 150 points one day and down at 150 the next, okay. We have got the fed lowers interest rate and we get 150 points bump and then some mutual with bad earnings and we will lose 150. Male: But are not mutual funds like really safe for people I do not know how to place the stock market? Joshua Duggins: They are safer. Male: Safer? Joshua Duggins: Absolutely, you have got a manager at a mutual fund who supposedly knows what he is doing and they have to abide to the perspectives. In mutual and a lot of people do not know is that the mutual fund managers cannot always do their best for you because it might be in contrary to their perspectives. Male: And their perspectives to say they make money for … Joshua Duggins: Your perspectives is this is what we are going to do. We are going to buy mid-cap funds. We are going to buy foreign investments if you are in that type of a fund. If you are in the global fund, they have to buy foreign investments. Even if they know those markets are going to fail, they have to because it is their bound by perspectives. Male: There may be a commitment on the contract and end of that market. Joshua Duggins: Correct, and you bought that mutual fund under the pre-tens that they were going to follow that contract, so they were bound to it . Male: Got it, contrasts that with U.R. the bank now. Joshua Duggins: U.R. the bank does not do business in that way. We are a lot closer to what is CD would be, okay. CD is Certificate Deposit at the bank which means you deposit extra number of dollars and they have contractually bound to pay you X amount of interest. We are the same, you deposit X amount of dollars and we are contractually bound to pay you a certain amount of interest, whatever that contract set. There are merely funds who bought about it. We have to pay that. If we do better than we thought we were going to do, we have all rights to keep that extra. But we have to abide by the contract in the past years the company has not, it is declared an extra debit and has it did last year, but if you sign the contract that says you are going to earn 9%, you earn 9%. Male: But mutual funds and the stock market do not guarantee on minimum in most cases. Joshua Duggins: No, they do not guarantee even your principle. Male: Got it. Joshua Duggins: Mutual funds and stock markets are publicly traded and they are bound – it is supply and demand basically. Male: Is your source publicly traded? Joshua Duggins: No, it is not. Male: That is why you get to make few more your own rules. Joshua Duggins: Well, I will not say our own rules but we get to make our contract and once that contract is singed, that contract is legally bound. It is like, think of it like a mortgage rate. A mortgage rate is going to fluctuate until you sign a 30-year fixed and once you sign that, that is your rate. Male: Got it. Joshua Duggins: We have the ability to fluctuate that rate, but once we sign that contract, that is your rate and you get that rate for however long the contract states be at one year or five year—