“Getting Started in Mutual Funds” Helps Beginning Investors

July 30, 2012

The wide world of investing can be a bit difficult for the lay person to understand, what with stocks, bonds, and everything in between. But in this modern era of rapidly-advancing technology, with more and more people managing their own investments on sites like E-Trade, it’s important to know everything you can about what you’re putting your money into. Every scrap of knowledge, no matter how seemingly inconsequential, can help you to make an informed decision pertaining to your finances. And if you don’t want to pay for the services of a pro (or even if you do), you need to know what you’re getting into so that you don’t lose your entire savings on a bad investment. And Alvin D. Hall aims to help anyone with a hankering to try their hand at the mutual funds market.

In “Getting Started in Mutual Funds” (second edition), Hall, a financial advisor, offers up the basics of mutual funds, including what they are, how they’re structured, different types, and more. With easy-to-understand (but not dumbed-down) language and plenty of relevant examples to help illustrate concepts, even those uninitiated in the ways of investing can easily follow along. So if you don’t have a shred of knowledge about this type of investment (beyond the fact that it exists) this handy guide will start you at square one with definitions of terms and concepts. But this audio book offers a lot more than just the basics; although it is designed to help investors that are just starting out on their journey to invest in mutual funds, you’ll practically be a pro by the time you’re finished (or at least you’ll understand the lingo and how the process works so that you can adequately manage your own investments).

Once you’ve got a base of knowledge concerning the various types of mutual funds you’ll begin to learn about more complex concepts involved in investing, including the role that fees and expenses play, how to purchase, redeem, and exchange funds, and most importantly, the best ways to analyze your investments in order to track their performance and determine whether or not your money is truly working for you (as well as how to make the most of your investments). Hall goes on to discuss strategies that will allow you to maximize earnings, utilize short- or long-term investments to your best advantage, and basically use this unique and popular investment vehicle to earn now or save for your retirement.

Even those who are frightened of diving head-first into the stock market may be attracted to mutual funds because of their diversity and overall stability. And even though they may not earn as much on average as other investments, they are also less likely to lose as much as higher-risk stocks. So whether you’re looking to take a hand in your own investments by gaining the knowledge and language needed to speak intelligently to your broker, or you actually want to manage your investments on your own, Hall’s comprehensive and concise guide will help you to reach your goals when it comes to mutual funds.

Sarah Danielson is a contributing writer for Timothy Sykes, a prominent author and penny stock investor.

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