Smart Money

Assalamu”alaikum..

Hello guys, welcome back to my blog.. this time i would like tell you about next chapter my riview book of Smart Money....

Next chapter is chapter5

 Mutual Funds...

            This chapter tell we if mutual funds have come into their own. Once consider and investment fit only for the small investor, they have now become a major force to be reckoned with, allowing people to band together and stand their ground side by side with the big guys, the institutions whose buying and selling en masse has dominated the financial marketplace. In this book also tell, poeple have discovered that mutual funds allow them to deal not only with the ups and downs of the stock market but also with more conservative investment strategies, such as bonds and goverment securities. Entire portofolios are now built on mutual fund investments from real astate to precious metals, from international investing to limited sectors of the U.S economy. The writter certain rules for success :

• Read the prospectus before you invest.
•   Be sure the funds objective matches your own.
•   Total return is more important that current yield.
•   Insured or goverment backed portfolis don’t ensure or guarantee perfomance for the investor.
•   Excessive management fees can be as costly as an up frong sales charge.
•   Track record plays an important part in choosing a well managed fund.

Chapter 6

Insurance

This chapter discuss insurance is a most important financial planning tool. The insure makes profits by investing the premiums (payment) it recive. The writter tell the insurance can be a powerful tool for our overall financial plan if it’s properly utlized but remember :

•   Its prime purpose is to protect we and our family from unforeseen financial or personal disaster.
•   Carefully compare the various types of policies before you buy.
•   Determine how much we need and how much we can afford.
•   Don’t deal with any insurance company rated less than an a by A.M best and company.
•   Be well aware what our health insurance policy does or doesn’t cover.
•   Never fudge the truth on an insurance aplication.

Chapter 7

Benefits : IRAs, Keoghs, and 401 (k)s

This chapter the writter take a look at a variety of benefit investments, tax implications and plans deserve our immediate attention. It isn’t difficult as it may sound to understand the various benefit plan alternatives. These important financial planning vehicles will be the basis for a comfortable retirement.

Chapter 8

A Secure Retirement

This chapter seen thoughts and suggestions on securing comfortable retirement are mandatory reading for everyone. Because many people dream of a day when they can stop work and spend their time doing things they want rather than things they must. Althought not everyone wants a full time retirement, even those people who hate the thought of retiring often dream of leaving their present job to begin new ventures.

Smart Money

Have you ever experienced a failure in investing? if ever I will provide information about investing from smart money books written by Ken and Daria Dolan

 

Chapter 1

Dealing with Your bank

 This par tell we about how to determine if your bank is healthy, and help we to choose the best savings and checking accounts, and explain the many  services now found in your local bank. And we can need all the help we can get in this confusing and expensive world of deregulate bank.

Because, before you commit your money, get we know the banker and services. If we can’t have access to your own personal banker, do your business elsewhere. And bank are not for profit orgazinations, exiting seloly to provide safe haven for our money.

The new  competition in the banking world, we need to take the time to find the best rates and services available. Cause competition isn’t necessarily bad for the depositor, but it does mean we must examine each institution carefully to find the right combination of hight yield, individual attention and safety. Smart investing begins wih smart banking . Here are the steps to find the best bank :

•   Compare rates. Track them for a number of weeks and see how they compare with others in the area.

• Check out the lobby. If there are long lines, don’t expect quick and efficient service.
• Consider whether the bank is convenient. Find out if it’s open evenings and weekends and if the cash mechines are close to home or work.
•  Put bank fees under a magnifying glass. Deregulation has forced banks into offering higher rates, which many try to balance with higher fees. Good banks will provide you with a list of fees and charges.
•  Assess the services. Make sure the bank will fit your needs 

Chapter 2

The stock market

This chapter to provide some of those looked for answers and help educate and enable you to have a better working understanding of what makes the stock market tick. The crash of 87 should be used not an excuse to avoid all stock investing forever, but rather as the reason to learn more about what stock and stock markets are so that you’ll be able to take advantage of certain situations.

In addition, by investing in stocks, anyone with a few dollars can become an owner of a piece of corporate America and perhaps make a good deal of money. For story of an investment gone sour, there are an equal number of success stories. Successful stock investing is a combination of smart planning and good timing. There are profits to be made if you keep these suggestions in mind :

•   Educate yourself before you invest.
•   Don’t jump on emotional bandwagons. Buy stocks that make economic sense.
•   Have patience : rome wasn’t built in a day.
•   When you make a mistake, admit it and sell.
•   Don’t be greedy. When you have good profit , take it.
•   Don’t follow hot tips. They often lead to cold stocks.
•   Set profit and loss limits when you first buy a stock, and stick with them. It’s better to leave the game early and retrun to play another day.

Chapter 3

Bonds

            Bonds is a debt security. It represents a creditor a company, not an owner. Before company can pay divindends to stockholders, it must first pay interest to bondholders. If a company files for bankruptcy, the bondholder receives his or her share of the company assets first. These claims are settled before the claims of any stockholders. For this reason bonds are called senior securities.   This chapter recomend some caution before we invest :

•   Stay on top of the general  prediction of interest rate directions. The underlying value of your bonds will react in the opposite manner.
•   Know the rating of the issuer before you buy.
•   Check the rating of your bonds periodically.
•   Keep your bonds at the firm where you bought them when possible instead of taking possession of the certificates.
•   Remember that short-term bonds face less interest rate risk than long term bonds.
•   Know all call dates before you put your money down.

 Chapter 4

Investing with uncle Sam

            This chapter tell we if measuring risk and reward is the key to successful investing. By investing with uncle sam , we are able to minimize the risk and yet maintain a reasonable reward. And goverment securities offer a great deal of liquidity, with safety and moderate returns. There are few cauntion to mention to an investor in goverment paper, unlike some other investment alternatives :

•   Take the time to learn how to quotes.
•   Simple because uncle sam guarantees an investment doesn’t necessarily make it right for every investor.
•   Interest rate movement affects the market value of goverment bonds and series HH bonds are subject to more interest rate risk than short term treasury notes and bills.
•   Some goverment agency issue are not backed by uncle sam.

•   Don’t look for a lot of help from brokers with goverment securities purchases.

i hope that can help we for investing, wait for the next chapter. thanks for read my blog.😊💗💗💗

Smart Money

assalamualaikum guys, welcome to my blog 😍 this time will share synopsis of Smart Money 😍 

Title : Smart Money (How to be your own financial manager)

writter : Ken and Daria Dolan

Page : 326 Pages

Synopsis
    Smart Money book was published in 1988, which is about how to invest very easily. the presentation of the contents of this book is very interesting to read. this book is presented in the form of questions and answers, so it is very interesting to read. which I have summarized as follows:

Ø  Dealing with Your Bank

     This part tell you about changes of money in our banks and savings and loans are for the better, but they are not all better for consumer. So, berfore you commit your money , get to know the banker and the servces. And if you can’t have accessto your own personal banker, do your  busines elsewhere. Bank are not-for-profit organizations, exciting solely to provide safe haven for our money

The stock Market

      In the Stock Market only poeple who really make money are the people who own something. And with a few dollars can become an owner of a piece of corporate  America and perhaps make a good deal of money. And for every story of an investment gone sour, and there are an equal number of success stories. The profits to be made in stock market in your mind :

Ø  Bonds

      Bonds were a conservative investment for windows, orphans, and investors who wantes modest retruns with small risk. And bonds can be still be conservative investments for many investors,but the rules of game have changed greatly.

Ø  Investing with Uncle Sam

      Measuring risk reward is the key to successful investing. And by investing with uncle Sam, able to minimize risk and yet maintain a reasonable reward. In the goverment scurerities offer a great deal of liquidity, with safety and moderate retruns.

Ø  Mutual funds

      Mutual funds have come into their own. Once consider an invesmennt fit only for unedcated or small investor. The instituation whose buying and selling en masse has dominated  and people have discovered that mutual funds allow them to deal not only with the ups and downs of the stock market but also with more conservative investment, such as bonds and goverment securerities.

Ø  Insurance

     Insurance can be a powerful tool for your overall financial plan if it’s properly utilized. Although insurance is often the butt of many jokes, it’s an important part of your financial life and health. Poor planning or, worse,totally avoiding insurance may place the joke squarely on you.

Ø  Benefits : IRAs, Keoghts, and 401(k)s   

     IRAs, Keoghts, and 401(k)s the list seems to grow with every year, and if things aren’t tough enough, the tex reform act of 10986 changed  the rule in the middle of the game. The sad fact today is that many Americans think that certain retirement options are no longer open to them when in fact they are , in one from another.

Ø  A secure  retirement

     Many people dream of a day when tehey can stop work and spend their time doig things they want rather things they must. Althought not everyone wants a full time retirement, even those people who hate the thought of retiring often dream often dream of leaving their present job to begin neww ventures. Whether you consider yourself a member of the first group or the seccond both options take careful planning to achive. There are certain ingridients we need to mix up a recipe of security and comfort in our golden years.

Ø  Chooshing a Financial Adviser

     The search for a competent financial adviser becomes even easier with this book as your reference guide. Once you’ve mastered the concepts we talk about, you will in essence become your on financial advicer.

Ø  Your Home

     Your home is your best personal tax shelter and probably your best investment. Finding that special home, negotiating its price, and making the necessary improvements cam  be very arduous process, but it can also be the major cornerstone of financial securerity for a lifetime.

Ø  Investing in real estate

     A well thought out real estate investment can be made at any time. There is no right or wrong time to begin,  so get educated and get started.

Ø  Consumer Credit : A Powerful Tool

     With proper use, credit can be a very important building block to financial security. In addition, credit can undermine all your hopes and dream. Not only that, credit is a powerful tool use it wisely.

Ø  Taxes

     Taxes not the most exicing subject, but one of the most important for you and you financial well being.

Ø  Estate Planning

    Using estate planning is a personal and individual process best attacked by your own estate planning team. Not every professional is an estate planning expert. Look for team members with specific experince in the estate planning process who will work closely with you and with one another. So, no estate plan is perfect and no estate planner has all the answers, but a good and talented planner will offer opportunities to help you minimize people you wish to recive them.

thanks for your time to read my blog.. sorry if i have a mistake..😊😀