web analytics
August 27, 2014 / 1 Elul, 5774
At a Glance
Blogs
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



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
IDF soldiers examine fragments from a rocket that landed near Kibbutz El Rom, fired from Syria on July 14, 2014.
IDF Soldier Wounded by Syrian Mortar Fire on Golan Heights
Latest Blogs Stories
Islamic Law

Israel is fighting the war that none of the Western world has the ability or courage to fight.

netanyahu-phone.jpg

Finish the job! Sayyem et a missima!סיים את המסימה!

Doug Goldstein

Life after 50? You better believe it! Tips on how to prepare and enjoy life after retirement.

Ariel Sharon on a visit to Gush Katif in 2001, before he decided to destroy it.

While I am no fan of the two-state solution, I think I have a solution for the Gaza strip. Let me make it perfectly clear that in no way do I believe a Palestinian people, nation or Arab State ever existed in the history of the world and certainly was not occupied by Israel. If […]

Hamas targeted the Erez Crossing when it knew that Gazans and Israeli Arabs would be there, out in the open…

Does it really take Jewish innovation to come up with this idea?

If you don’t know who’s behind The terror in your mind The answer’s not hard to find, Blame the Jews

If feminism is mentioned at all, it is usually to condemn it as an anti Torah ideal.

“…people making jokes about turning this into a shelter rave, taking #bombshelterselfies…”

Marriage is not just about emotional fidelity but about financial fidelity as well.

So you want to blame Israel? First answer these 5 simple questions, and see if you even have a leg to stand on…

Hamas’s online Jihadi supporters and groupies are desperately trying to differentiate between their support for Hamas and supporting ISIS.

We all got degrees. We got married. We had families. We worked. We and were Koveih Itim

But the real culprit is William Schabas, who by comparison makes Richard Goldstone look like a saint

“The Jewish board of deputies, who are complicit, will feel the wrath of the People of SA with the age old biblical teaching of an eye for an eye.”

Discussion on recent changes to Social Security benefits and how it will effect you.

More Articles from Doug Goldstein, CFP®
Doug Goldstein

Life after 50? You better believe it! Tips on how to prepare and enjoy life after retirement.

Doug Goldstein

Marriage is not just about emotional fidelity but about financial fidelity as well.

Discussion on recent changes to Social Security benefits and how it will effect you.

Doug speaks with World Chess Cahmpion Magnus Carlsen.

Do Keynesian theories about government spending still apply today?

How can you prevent emotional baggage from holding you back?

This week Doug speaks with David S. Rose, entrepreneur, former angel investor, and founder of Gust.

Doug’s interview with engineer and personal finance blogger Len Penzo.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    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: