What Are the Brilliant Steps to Financial Freedom? 

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princywilliam
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Joined: 12/5/2018
Topic  What Are the Brilliant Steps to Financial Freedom?       Flag »  Reply »
Some hold all stocks, some hold all bonds, some  30 Day Success Club Review funds hold a mix of both stocks and bonds and some are very specific in what securities they hold in their portfolio. Maybe they don't have any stocks of companies that are involved in alcohol, firearms or tobacco as one example, or maybe they are concentrated on precious metals or some other commodity. Something else to consider when deciding upon your diversification, just as different asset classes perform differently over time, foreign securities also perform differently versus American securities...the point is that you need to have some foreign exposure in your portfolio. 

You will see many financial articles dealing with the fact that China and India are the two fastest growing economies today. You should be able to capture some of that growth with your selections which in turn will secure your financial freedom.For many investors, mutual funds are the only type of security that they ever purchase and that is O.K. Stocks tend to have big swings each day so if you were to own individual stocks, you would probably see big changes both up and down in the value of your portfolio. 

On the other hand, holding mutual funds tends to smooth out the bumps on the investment highway. Furthermore, most companies that offer a retirement plan in the way of a 401(k) plan or a 403(b) plan, only offer mutual funds from which you have a choice to pick from after your account is funded. By the way, the name 401(k) or 403(b) is named as such because it references the section in the I.R.S. Code book that allows for these tax deferred savings vehicles that everyone should take advantage of if they truly want to achieve financial freedom.


  Thursday, January 24, 2019 at 1:55:49 AM

Professional Surveyor Boards » General Surveying » What Are the Brilliant Steps to Financial Freedom?

 
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