web analytics
December 28, 2014 / 6 Tevet, 5775
 
At a Glance
Blogs
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Four Reasons to Consider Buying Mutual Funds

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 and investment services firm located in Jerusalem. He specializes in working with clients who live outside of the United States and want to maintain a U.S. brokerage account. Doug’s newest book, co-authored with Susan Polgar, about how using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. 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. 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

Current Top Story
A clip from"How to Stab a Jew," the latest hit on Arab social media.
‘How to Stab a Jew’ Going Viral on Palestinian Authority Social Media [video]
Latest Blogs Stories
Stairway to success!

My stairs had been built, big and strong-BUT ON THE WRONG SIDE OF THE APARTMENT!

HaTnua Party Meeting

Is his article satire? Or does Kai Bird really think Tzipi Livni heads a “center-right” party?

Shabbat Table

Much as I’d like to see the Jewish nation fully observant forcing Shabbat on people is NOT the way.

Loyalty seems to be a lost trait in Israeli politics, whether it’s to ideals, principles or parties.

Apartment hunting is kinda like dating: You go see anything that looks right on paper-and pray.

Latest headlines say that Prime Minister Bibi Netanyahu’s Likud may only make third place if…

What are the roles of leadership and communication in running a “tight ship”?

Sabraman: Israel’s first superhero, combining the courage of the Sabra and the faith of Abraham.

Is Haredi open-ended learning on charity better than earning a living that would obviate that?

Hanuka is the miracle of emunah- belief in the L-rd of Israel and the light of our faith.

Limiting Jewish success and revival is that the anti-Jewish, anti-History Left rules here in Israel

The crisis in Jewish education is of existential importance. How should it be resolved?

BBC GUIDELINES ON TERRORISM: The word “terrorist” itself can be a barrier rather than an aid…

Discussion with entrepreneur William Heinecke on how he became a young, successful businessman

Did Cuba apologize for their spies the way Israel apologized for Pollard?

More Articles from Doug Goldstein, CFP®
Doug Goldstein

What are the roles of leadership and communication in running a “tight ship”?

Doug Goldstein

Discussion with entrepreneur William Heinecke on how he became a young, successful businessman

Get a straight answer from Edward de Bono to the question: What is lateral thinking?

How does the new U.S. tax amnesty affect American citizens living in Israel and abroad?

Emerging adulthood and how young adults can achieve economic independence in today’s financial world

Doug talks with Steve Repak about the nature&meaning of wealth and how you can eliminate your debts.

How can you turn your physical books into E-books?

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: