Simple Practices that Lead to Wealth
This is the second post in my new Pillars of Personal Finance series. Saving – The Bank of You Investing – Grow Your Wealth Debt – World’s Biggest Product Income – Your Personal Economy Planning – Goals, Budget & More Dreaming of Possibilities From Day 1, way back in December of 1985, I loved Investing. …
They would be living in the Bahamas, quietly amassing a fortune from their portfolio. That describes the life of Sir John Templeton, a true financial guru.
The reason fees are so important to avoid is because they reduce your rate of return. Instead of this money going into your account, it gets siphoned off to the fund company or a financial adviser.
Picking the type of mutual fund that is right for your financial situation is no easy chore, especially for the novice investor. So, I have provided a basic run-down of the options available and their investment characteristics.
I have been pretty successful in picking mutual funds. Most of the funds I have owned over 25 years have outperformed their corresponding indices.