Smart Investing is a great way to better your financial life. We look to provide investing strategies for clients in many different types of financial positions.
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Interest rates in today's savings account are at all time lows and came make saving money a slow and painful process. Investing in stocks, bonds, and mutual funds can lead to great financial gains. Investing can also be very risky also, so it is recommended that you talk to a Financially Good Smart Investor to guide you in investing smartly and helping you achieve the greatest gains possible from your investments. Stocks Stocks are shares of a company that is open for the public to buy. Yes you can own a part of a company that is traded in one of the many financial exchanges. You buy the stock at a price that varies, with hope of selling that same stock at a later date at a higher value. The difference in price will be your profit. You must remember, that same stock could go down in value and the negative difference will be your loss so invest wisely! Mutual Funds Mutual Funds are a collection of stocks and/or bonds that are managed by a portfolio manager. Like stocks, they are bought a one price, and sold at another, leading to either a gain or a loss, depending on if the selling price is higher or lower than the orginial purchase price. One benefit to buying Mutual Funds is that the group of stocks/bonds is managed by a professional, who will buy and sell share within the group for you, taking away some of the work involved in investing. There is someontimes a management fee charged for investing in Mutual Funds. Bonds A bond is a loan that is made to a corpoartion or the government and is to be paid back with interest at some point in time. Since bonds are loans, they are more likely to be paid back, making bonds a less risky investment compared to owning stock in that same organization. Bonds are a great way to start investing and also a safe bet when getting near retirement age to ensure your nest egg is secure. |
