How to invest in MF. Which is good to invest thru bank or brooker?
Answers: I agree with Jas.
Although mutual funds are a viable method of investing, you will need to do your homework, as about 75% of all mutual funds underperform the market. All of them have management fees. And some have sales loads.
Look at the annual return track record. And make sure you look at the management fees or if it has a sales load.
Other options you might consider are DRIP Plans or Retirement plans.
DRIP's are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.
My advice is to stay conservative and think long-term.
Two worst places to buy Mutual Funds;
Insurance Companies
Banks
Some full service brokers are good, some less good. Make sure they discuss "asset allocation". You'll be paying around $575 per $10,000 that you invest, for this advice (wether you get it or not).
For $50 or less you can buy a couple of books on Mutual Funds and learn enough to invest in "no-load" mutual funds and save tens of thousands of dollars over a lifetime.
* no-load means no commisions to buy or sell the fund. You deal directly with the fund company.
hi,
buying is not the matter. selection of the right fund is important. so look for wide range of products and choose one which suits the requirement.
educate yourself before investing. it is not difficult but it needs some discipline. ALL THE BEST.
http://www.vbulls.com
Through bank, you dont have give cheques.
So better in sense.
But you dont get advise from bank but broker
If you have educated yourself for MF investing, banks are good othervise try brokers
Tax issues on shares - student?
at the moment, im a uni studentif i buy shares and hold onto them for 5+ years,
will i pay duty? because at the moment i dont have a available job
Answers: you pay taxes on any income earn unless they are classified as pre tax deduction.
If you are so willing to invest, please consult a financial soul, I hate seeing these posts. If you hold the money, then use it cleverly, and consult a qualified person to assist you near your investments.
There is usually some sort of tax to repay. It depends whether you go over the thresholds.
In the UK you enjoy two taxes to worry nearly. Income tax and Capital Gains Tax.
You are liable for income charge on dividends from shares at your normal tariff rate (above your allowance)
You are liable to CGT on any gains over the allowable hold back. (These are offset by income losses)
Buying the flea market? well-mannered or desperate time for index fund?
i have some spare money,i can any leave it contained by a risk-free bank tale at 6.5 % +
or i can buy an index fund for the ASX 200 or...i dont know
is this volatile market vastly bad to do so right immediately?
Answers: You're most like mistaken in the order of the interest rate. 6.5% is not realistic. Banks are lend money for less than that. In any armour it is a great time to buy stocks. The market is down just about 20%. Buy low sell high-ranking.
A risk free 6.5% bank portrayal?
Keep it there !!
Ask yourself : how long you will be invested?
more than 3 years: buy surrounded by index ; all
1-3 years: do SIP, sart investing 1/25 this month, 1/25 surrounded by next month .. rest you hang on to in hill
less than 1 year : dont invest surrounded by index
Since we are in the establishment of a recession, not a good time to "buy and hold" an index fund. It would be better to "buy and hold" a suffer fund.
Learn about the "50% retracement" rule. This is a simple, reliable rule for timing your trades.
You may G00GLE for it.
Mike