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- 1. Caveat OFW – Scammers at the Gates, Part 1
- 2. The Tale of the Oilman and How Herds Trash Reason
- 3. Why We Should Beware of “Proprietary Strategy”
- 4. The Four Telling Signs of Lack of Investment Literacy
- 5. The US Anti-Outsourcing Bill and Its Possible Impact on OFWs
- 6. The Good Luck Charm That I Know
- 7. When Humans Bend Credit Rules, Ghosts Appear and Darkness Looms
- 8. Is Franchising the Road to Entrepreneurial Success
- 9. Are You Ready to Invest in Mutual Funds
- 10. The Three “Musts” of an OFW Bank
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Category Archives: Mutual Funds
After discussing in the last post about why it is highly advisable to join investment or business groups, the next question should be about which groups to join or not to join.
For this post, we take up the issue of reserve funds. These are the funds you set aside for emergencies and the funds you earmark for the kids tuition fees, renewal of licenses, payment of realty taxes and other needs.
The other items
After the last post’s explosive take on bogus mutual funds, we now inch closer to investing in mutual funds by deciding on which among the various types of mutual funds to invest in.
For this post, let us step back a little and revisit our first mutual fund article entitled, “Why We Need to Learn Something About Mutual Funds.”
In that previous post, we mentioned that the third reason for learning something about mutual is that:
Mutual funds, or bogus representations thereof, are a favorite tool of scammers, charlatans and unscrupulous characters in duping people.
Well, having learned something about mutual funds from the previous posts, we now turn to the issue of bogus mutual funds and how to spot them.
After having some working idea of what a mutual fund is from the previous post, we may now proceed further by determining whether or not we are ready to invest in mutual funds.
This post therefore hopes to continue with our mutual fund series by giving some ideas or tips to determine our readiness to invest in mutual funds.
Having established the reasons why we need to learn something about mutual funds and having laid down a simple definition in the last post, it looks incumbent upon us now to explain the bare bones or basics of what it is.
This post will therefore be like a simple tutorial. We will try to elaborate on the concept, see how mutual funds make money for the investor, dwell on the advantages and the disadvantages thereof, briefly touch the types of mutual funds and then finally make a quick summing up. We try to keep this as simple as possible.
For this post, we take an initial dip into the realm of something they call mutual funds. Just an initial dip, I should emphasize – something brief enough for a blog post like this. And hopefully, substantial enough to whet our appetites for a future possible all-out plunge on the pool of this potentially exciting subject.