Why are mutual funds considered a good way to start investing?
One of the basic tenets of investing is diversification. Diversification means you own many different types of investments, because different kinds of investments perform differently in different markets, and you also don't want one single investment to dominate your portfolio and thus put it at risk. A mutual fund gets you instant diversification because the fund itself is made up of many different stocks or bonds. | 02.21.14 @ 20:01
Good Question Tony, as Alex said mutual funds offer diversification which is difficult achieve without the use of a fund which can own a large number of stocks. The other reason they are good ways to start investing is that you can get into a fund with a small amount of money build up over time by making periodic investments. There are a wide variety of mutual funds and exchange traded funds that allow you to take a position in a large number of asset classes and investment strategies. Be careful to understand the fees you are paying. | 06.23.15 @ 14:39
The best way to invest -starting, finishing and anywhere in-between is to use Rule #1 which simply means, don't lose money. What's Rule #2.? I'll refer you back to Rule #1.
Some questions for you;
1) Where are you financially?
2). Where do you need to be financially?
To answer either of these we need to know your number which is simply how much do you need to enjoy your lifestyle for as long as you can.
Send me a message and we we can help you with that. No obligation
It's not what you make, It's what you keep that determines your lifestyle. | 03.17.16 @ 20:55