Before making any investment, consider the fees and expenses that will take a cut out of your profits. Some mutual fund fees are completely avoidable, and some fees are necessary. Some types of mutual funds will require higher fees and maintenance costs than others; it’s important to compare similar funds with the same objectives from different fund families. A fee table can be found in the prospectus of any fund you’re considering, request this important reading...
Mutual funds are the investment of choice for many people; they allow an investor to minimize financial risk by spreading money among many different stocks and bonds, without the research and market knowledge required for such a diversified portfolio. By diversifying their investments, they are able to invest in the stock market without taking the risks involved in having money in only one or a few companies’ stocks. Mutual funds may invest in stock of hundreds...
How do you think the majority of wealthy Americans became financially secure? Did their parents leave them an inheritance? Did they win the lottery? Did they invent something the whole world needed? No, they developed a sound financial plan and invested their hard-earned money wisely. Saving is for short-term needsSimply putting your money into a bank savings account or CDs will allow you to save money for an emergency fund, a big family vacation, a down...
Many Americans live paycheck to paycheck. We juggle our bills based on our next payday. We’d like to save money, but it seems there’s never anything left over to save. There’s only one way to ensure we have the required savings for future needs, and that’s to plan for it. By creating and adhering to a realistic, workable budget, we can designate a steady amount to go to our savings. Little by little, the savings will...
