I recently read Barbara Friedberg’s 20 Minute Guide to Investing. This guide is an intro to investing that covers the basics of what you need to know, before you start investing. Barbara covers many topics, including the following: What should I do before I invest? Why should I invest? What is investing, and what are [...]
Archive for the tag 'management expense ratio'
15 Comments Kevin on Oct 13th 2010
This has been a busy week so far. I started classes which I am taking twice a week after work, and there is quite a bit of homework and study attached. I really don’t remember how I used to mix work and school in the past! Here are my posts over the past week: Learn [...]
17 Comments Kevin on Sep 10th 2010
Summer Heat Another week goes by, as I enjoy the last of the summer heat. Although I will miss the heat, I need my sleep! With a combination of a hot, stuffy apartment and ragweed allergies, I don’t think I’ve gotten more than about 4-5 hours of sleep a night. Posts of the week I [...]
22 Comments Kevin on Sep 3rd 2010
Filed under Avoiding Scams,Growing Your Wealth,Investing,Saving Your Money
How Mutual Funds Rip You Off with Extra Fees and Charges
In my last post, I showed how index funds allow you to save more money by losing less of your investment returns to management fees. Here is what different management expense ratio (MER) levels will cost you on an initial $10,000 investment at 10% growth compounded annually:
26 Comments Kevin on Aug 6th 2010
Filed under Avoiding Scams,Growing Your Wealth,Investing,Saving Your Money
Save More Money with Indexed Funds
In my short investment journey, I have read books, articles, and blog posts about the merits of index funds. “Invest in index funds”, they say, “and stop wasting your money on management fees!” Are the authors really telling the truth? Passive investing The idea behind an index fund is simple enough: all it does is [...]
43 Comments Kevin on Aug 3rd 2010
