Good investment management mandates that you pick good investments, maintain diversification and pay focus on details. Since most individuals do not really understand how to invest on their own, many of them turn to professionals to deal with the investment management chore for them. This could be costly. Here's the best way to get the most bang for your buck ... your best investment.
If you've got several million to invest you're most likely not a lot more knowledgeable than most folks in relation to investing money - you just have more of it. Hence you may afford to pay big bucks to someone else to pick good investments for you and manage your investments.
Otherwise, you either learn how to invest on your own, pay what you can for professional help, or avoid investing altogether. The second is a poor choice if you ever anticipate to get ahead financially. That appears to leave you with two negative choices in case you are not really thinking about studying investing in detail or paying hard-earned money to somebody that calls himself an investment professional.
Don't fret; I've got some good news for you! If you are willing to put forth a little time and energy you can get good professional investment management for a whole lot less than you think. I call this the peoples' best investment: no-load mutual funds.
Mutual funds in general are designed for folks who need or want help picking good investments and putting together an investment portfolio with diversification. The problem is that some funds have sales charges, asset manager yearly expenses and other fees affiliated with buying, holding and/or selling them. Not just does the fund itself have a cost structure, the investment professional offering them needs to receive money, too.
With no-load funds there is no middleman giving you advice and selling you on the merits of the product (fund). There's no investment salesman telling you the best way to invest or where to invest ... and charging you for his efforts.
As opposed to costing you 5% off the top and 2% or more per year for expenses and perhaps other charges and fees ... you can get professional investment management from some of the largest and best fund companies in the country for less than 1% a year in fund expenses. Period, that's your total cost to invest.
When you invest in no-load funds I suggest you deal directly with the fund company, rather than investing by way of a brokerage firm's web page. You can go to their site or call a toll-free number to get info or to open a mutual fund account.
With no-load funds there should be no charges or fees to pay, only modest yearly expenses that are automatically deducted inside the funds themselves. The very best investment management deal around? For my money it's no-load funds.
If you've got several million to invest you're most likely not a lot more knowledgeable than most folks in relation to investing money - you just have more of it. Hence you may afford to pay big bucks to someone else to pick good investments for you and manage your investments.Otherwise, you either learn how to invest on your own, pay what you can for professional help, or avoid investing altogether. The second is a poor choice if you ever anticipate to get ahead financially. That appears to leave you with two negative choices in case you are not really thinking about studying investing in detail or paying hard-earned money to somebody that calls himself an investment professional.
Don't fret; I've got some good news for you! If you are willing to put forth a little time and energy you can get good professional investment management for a whole lot less than you think. I call this the peoples' best investment: no-load mutual funds.
Mutual funds in general are designed for folks who need or want help picking good investments and putting together an investment portfolio with diversification. The problem is that some funds have sales charges, asset manager yearly expenses and other fees affiliated with buying, holding and/or selling them. Not just does the fund itself have a cost structure, the investment professional offering them needs to receive money, too.
With no-load funds there is no middleman giving you advice and selling you on the merits of the product (fund). There's no investment salesman telling you the best way to invest or where to invest ... and charging you for his efforts.
As opposed to costing you 5% off the top and 2% or more per year for expenses and perhaps other charges and fees ... you can get professional investment management from some of the largest and best fund companies in the country for less than 1% a year in fund expenses. Period, that's your total cost to invest.
When you invest in no-load funds I suggest you deal directly with the fund company, rather than investing by way of a brokerage firm's web page. You can go to their site or call a toll-free number to get info or to open a mutual fund account.
With no-load funds there should be no charges or fees to pay, only modest yearly expenses that are automatically deducted inside the funds themselves. The very best investment management deal around? For my money it's no-load funds.