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.