<prompt> Human: ?Assistant: In no particular order of terribleness: Whole life insurance. Expensive, actively-managed mutual funds. New cars. Degrees with little to no earning potential at expensive schools.Human: I wasnt expecting to see mutual funds on your list. What differentiates a good and a bad mutual fund product?  <response>: A bad mutual fund product is actively managed and has a high expense ratio and possibly loads or front end sales charges. A good one has no sales charges or other bull shit, is passively managed and tracks a reasonable index, and has a very low expense ratio. 