You’ve done the hard part. You decided you need to contribute money to your personal IRA or 401(k) plan for your retirement. You receive your statements and start to wonder what those mutual funds actually mean. Where is your money being invested? Why does it seem like the stock market is doing better than your portfolio? When you meet with your financial advisor or 401(k) representatives you find they are using words like asset allocation and diversification. What do those mean? This book will discuss what are mutual funds, including their asset class and categories. We will also touch base on some of the key questions to ask regarding your risk tolerance and how to evaluate if your investments are properly allocated and diversified.
Targeted Age Group:: 25-50
What Inspired You to Write Your Book?
Today's market action is very volatile. Since we are a global economy it is more important than ever to have a general perspective of how to invest your money. I found myself speaking to many people who say they are invested in the market but don't understand what their investments constitute. As a former financial advisor, I feel this book will serve as a simple guide for individuals to reference when discussing their investments with their financial advisor.
The dreaded words – WALL STREET. Most people immediately tune out anytime they hear these two words. They figure it’s too much to try to understand and should be left to the professionals. While it’s true that professionals are important to assist you with navigating your investments, it’s also important to have a basic understanding of what they are talking about. After all, it is your hard-earned money! For the most part, your main investments will be within your 401(k) or personal IRA account for your retirement. However, do you understand your statement when you receive it in the mail? Are your investments properly asset allocated based on your risk tolerance? Are your investments diversified?
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