This excerpt is from a YouTube investment masterclass by Ndubuisi 'Andy' Egwim addressing investment choices for medics. He contrasts selecting individual stocks (for those experienced) with using broadly diversified index funds or ETFs as a simpler option for busy doctors, and says he will explain index funds.
One is that you can, if you're like me or any one of the people that have attended investment master class, you can choose your investment. You can decide, oh, I want to buy this investment. Now, that might be individual stocks for those who are comfortable and very safe to invest individual stocks, or for most doctors that are really busy, that could be broad, well, diversified index fund. And I will explain index fund here. It could be like an etf, an index fund. Basically, they're not buying one company. They are buying a combined or a basket of stocks. Okay.
