web analytics
July 22, 2014 / 24 Tammuz, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
Blogs
Sponsored Post
IDC Advocacy Room IDC Fights War on Another Front

Student Union opens ‘hasbara’ room in effort to fill public diplomacy vacuum.



Four Reasons to Consider Buying Mutual Funds

Doug Goldstein

Are you looking for a good way to invest your money? If so, you might consider mutual funds. A mutual fund is essentially a collection of stocks and/or bonds that is shared by investors. Everyone puts his money into a “basket,” and each person owns a proportional percentage of the overall mutual fund. Each mutual fund has managers that are in charge of the buy-and-sell decisions, so all the investor needs to do is put his money in and wait/hope to earn some profits.

Four reasons investors choose mutual funds are:

-It takes the work off your shoulders — why spend time going through rows of figures and researching the performance of your securities when there are professional money managers who can do this for you? In fact, not only do they save you the work, but they can possibly do it better.

-”Don’t put all your eggs in one basket,” or in financial terms, diversification. Diversification is a technique where you spread your investments among various companies, industries, and geographic locations, thus minimizing your risk if something fails. For example, if you were to put all of your savings into Brazilian coffee and a huge flood wiped out the entire coffee bean crop across South America, you would be left with nothing. But if you diversify, you are less likely to lose everything. Putting your money into mutual funds, which by their very nature are diverse (though some do stick to certain sectors or countries), saves you the headache of searching for the best way to spread your investments.

-Mutual funds are not only good for the big guns. If you only have a little bit of money you can still invest. Unlike some professional money managers who may have minimum account size requirements to manage your money, mutual funds offer professional management without investment minimums (other than buying one share). In this way, mutual funds may be an affordable way to get professional guidance and diversification.

-What if you suddenly need your money? Mutual funds are fairly liquid. You can redeem your shares at the current NAV —along with any fees and charges assessed on redemption — at any time.

If you think investing in mutual funds may be for you, learn more at www.LearnAboutInvestments.com, and then schedule a meeting with your financial adviser.

About the Author: Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning firm located in Jerusalem. He specializes in working with clients in New York, Florida, and Israel and is a licensed financial professional both in the U.S. and Israel. Securities are offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, SIFMA. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Doug’s newest book The Expatriates’ Guide to Handling Money and Taxes is available at www.expatguidetomoney.com. He hosts a weekly finance show, Goldstein on Gelt, on internet radio. Listen live or download podcasts. Toll-free from U.S. 1-888-327-6179, Jerusalem: (02) 624-2788. Follow on Twitter: @DougGoldstein or contact at doug@profile-financial.com.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Four Reasons to Consider Buying Mutual Funds”

Comments are closed.

SocialTwist Tell-a-Friend

Douglas Goldstein
Current Top Story
Military funeral in Israel
IDF Names Missing Soldier As Sgt. Oron Shaul
Latest Blogs Stories
Socks

If you are lloking to buy socks, this store is NOT where to go! B”H

Jewish Mother (ca. 1906), carved ivory by Boris Schatz.
Courtesy Kestenbaum & Company.

Ruthie Blum reveals just how hard it is for a Jewish mother to be a patriot at the time of war. Maternal cognitive dissonance On Thursday night, after 10 days of aerial warfare between Hamas terrorists and Israel, Prime Minister Benjamin Netanyahu approved a ground incursion into Gaza. It was a move that much of […]

IDF Chief of Staff, Benny Gantz talking to the media.

JoeSettler takes on the IDF Spokesperson’s tweets that he believes are morally wrong and negatively affect the war we are fighting…

Goldstein

The 7 Decisions that changed author Andy Andrews’ life and how they can guide you towards success.

Not asking the world for the right to defend ourselves; such a right is obvious to anyone with a spine.

Where has all the billions of Euros and dollars that have been poured into Gaza over the years gone?

One wishes the PA would distance itself completely from Hamas now for the sake of peace and development in the region.

Israel will never be the underdog, so no defense will be legitimized.

In a war, people die; all Israelis should know that by now.

“We thought they wanted a state; it turns out that all they want is to destroy Israel”

It’s called Operation Protective Edge and is a double-edged sword.

The majority of the Israeli public is against a ceasefire with Hamas at this time.

Bibi knew back then what needed to be done. So why isn’t PM Netanyahu listening to his younger self?

If eligible, are their benefits to claiming Spanish citizenship?

Suggestion: Along with not eating and drinking let us “fast” today from other indulgences…

More Articles from Doug Goldstein, CFP®
Goldstein

The 7 Decisions that changed author Andy Andrews’ life and how they can guide you towards success.

If eligible, are their benefits to claiming Spanish citizenship?

The importance and function of having a dream in building your own success.

An expert discusses the mistakes gamblers make and how to play safely at casinos.

Former hedge fund manager now makes new foods from castoff vegetables, explains how to win war on waste.

Listen to the author of a book about surviving – and even thriving – on a low-income salary.

Is e-commerce the wave of the future?

Doug Goldstein speaks with author Roberta Taylor about how couples need to plan for their retirement.

    Latest Poll

    Israel's Iron Dome Anti-Missile System:





    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/blogs/goldstein-on-gelt/four-reasons-to-consider-buying-mutual-funds/2012/08/05/

Scan this QR code to visit this page online: