Do You Invest Yourself Or Call A Financial Planner?

In this article, I am going to introduce mutual funds and why they are perceived by many people to be much better than stocks.

Ask yourself, are mutual funds too risky. Although every fund, from money market funds, income funds all the way to equity funds and specialty funds will involve some element of risk, the fact remains that virtually every fund actually reduces risk. How? Through diversification. What this means is that a mutual fund takes all of your money (and every one else’s) and invests in enough securities that anyone with less than $500,000 could never even imagine achieving. And since diversification is key to eliminating risk, saying that mutual funds are too risky is like saying air travel is dangerous. Risk is relative and in terms of reducing that risk, mutual funds achieve it better than any other investment.

All of these funds are simply professionally managed pools of investors’ money. You invest a dollar amount, and in return own shares in a large portfolio of securities like stocks and bonds. The financial objectives range from safety and stability of principle, to high income, to high growth or profit potential. Money market funds invest in safe short-term debt like U.S. Treasury bills, with safety and liquidity as the primary objectives. They pay competitive interest rates in the form of dividends, and the value of their shares is pegged at $1 and rarely fluctuates in value. Bond funds invest in bonds, longer-term debt, to produce higher interest income for the investors. The value of investor shares will fluctuate with changes in prevailing interest rates, so risk is moderate in bond funds.

Make sure the management team hasn’t changed by the way. You don’t want to pay for fabulous past results only to find out there is a new portfolio manager in town running your mutual fund. Watch out for the fad funds by the way. By the time an entire mutual fund sector is hot, and ripping up the charts with performance, it is too late 90% of the time, for you to be an investor. You don’t want start becoming an investor in gold as it passes $1200 per ounce. That is the time you want to be thinking about exit.

Young investors who are just starting with a savings program will find that their friends, family and advisors will almost all have different views about how one should start to invest their money. For some, recommendations will come along the lines of buying real estate that can be flipped or rented out to generate monthly income and long-term capital appreciation. For others, it will mean putting as much money away as possible into a low-paying CD or maybe even mutual funds.

If you have a small percentage of your portfolio (around 10% is recommended) in commodity mutual funds, then you have some protection from a downward swing in the stock market. Commodities also do well during times as of inflation. And they are a good hedge during times of a weak dollar. To take advantage of the diversification benefits of commodities there are other choices available, such as commodity mutual funds. They are similar to stock mutual funds in that there are many types to choose from, just as there are many brokers to buy them from. Do a little research on the funds and brokers and put some diversification into your portfolio.

Want to find out more about a Financial Planner, then visit Arthur McCain’s site.

How To Understand Market Timing

We all love easy money. What’s not to like? It is often perceived that stock market is the easiest way to make a few easy bucks.

While this might be true, starry dreams to learn millions in the span of a few hours often bite the dust. The advice given to most people who are starting on the stock market is to buy low and sell high. Easy advice to give, but how does one determine, how low is low and how high is the high. Anticipation is the key to this question.

Most market timers work on the policy of buying when the stock is low and selling when the stock is on its way up. Many market timers look to make a number of small profits by changing their positions every few minutes than waiting for longer periods in the hope of making a profit. However, there are market timers who operate on longer timeline but there is more risk involved here as the insiders feel that the stock market cannot really be predicted over a longer period of time.

Movies and books show a rosy picture of people just buying some shares and its prices skyrocketing. Surely it happens, but only in fairytales. The amount of study and research involved is often not seen. So, if you want to try your hand at market timing, be sure you have done your homework thoroughly.

The key behind this strategy is reviewing the price and volume action of the major market indexes each day. The indexes you need to follow are the S&P 500, the Dow Jones Industrial Average, the NASDAQ and the New York Stock Exchange Composite index. What you are looking for is whether or not the index increased in price or decreased in price from the prior session.

In the end it all comes down to experience, and you get better at stock market timing as the time goes on.

Want to find out more about Market Timing, then visit Arthur McCain’s site. http://market-timing.org

Are You Paying To Much For That Mutual Fund

The word investment does mean that there is a risk involved. Quite a lot of people do not invest too much in a single position. In a way they manage risk by just not taking it in the first place.

Since the fund company had to pay the advisor the commission what they do is increase the MER of the fund by about 0.5% compared to Class A units. This means your return will be 0.5% lower each year compared to if you had bought the Class A fund. When you buy this type of fund you are also locked in for a period of seven years (time frame could vary). If you sell prior to this you have to pay a penalty to the fund company allowing them to recoup the commission they paid to the advisor. Between the locked in period and the higher MER this option is clearly not in the client’s best interest.

There are short term, middle term and long term investments and in order to witness exponential growth you will need to invest your money in top mutual funds. People having excess money but no time to invest in stocks may find mutual funds to be the best option. There are lots of companies that have evolved with time and have been performing well in the market and are considered to be safe by almost all the investors. It gives you an opportunity to attain various stocks and bonds. Top mutual funds have the best fund managers who have a vast exposure in the market.

In Feb 2010 Standard & Poor’s launched its most recent Canadian Indices Versus Active Funds Scorecard with data for the five year period ending December 31, 2009. Below are a couple quotes from the report. “Over longer periods, we continue to observe indices outperforming the majority of domestic funds. In three-year and five-year periods, only 12.5% and 7.4%, respectively, of actively managed Canadian Equity funds have outperformed the S&P/TSX Composite Index.”

I took the most widely owned Canadian equity fund, the RBC Canadian Equity Fund and compared the holding to the RBC Canadian Index Fund. The data used is from the RBC 2009 semi annual report which had the holdings as of June 30, 2009. The majority of the investments held in the two funds, 77.36%, were the same, with 22.64% being different. It is only the returns of this 22.64% of unique assets of these two funds and total fees which will have an impact on the variance of their returns. The MER of the RBC Canadian Equity Fund was 1.97% and the RBC Canadian Index Fund was 0.68% a difference of 1.29%.

People buy actively managed investments with a goal of beating the index. To beat the index fund by just 1% the unique assets would have to outperform by 11%. This is why most actively managed funds have underperformed the indices in the past and will most likely continue to do so in the future Since the holdings in these funds are so similar anyways just take the lower fee index option and be happy that you should do better then an actively managed fund about 90% of the time.

Want to find out more about a Successful Financial Advisor, then visit this site.

Wealth Unlimited Is Just An Idea Away

What is it that makes pieces of paper with portraits of former presidents valuable? Nothing. Money is more than paper bills– money is an idea.

Who doesn’t want to become rich? Many times it seems like an impossibility but really, it’s not. To realize wealth unlimited, we must recognize that we can earn money successfully by adopting a consciousness that will attract prosperity.

What this means is that you have to believe that you are prosperous no matter what your present circumstances may tell you. The poor remain poor because of a poverty mindset they cling to. They believe they cannot make money so they never find out how to set goals and meet them.

Think with me for a moment-there are many millionaires who have invested a lot and lost a huge part of their wealth because of calculated risks that just didn’t work out. What makes them the champions that they are is that they are able to look past their mistake and have no problem earning money from scratch. They can build wealth anew because their prosperity consciousness will not let them stay bankrupt for long.

Study your thought patterns and look into your own level of prosperity consciousness. If you are aiming to build wealth, make an honest assessment on your personal views on money. Is this an uncomfortable matter for you? There might be some harmful associations you have to deal with before you can progress to become rich.

Motivational messages spoken aloud have the affirming effect of empowering you to act in support of positive actions that will bring about your success. Write down the motivational nuggets and allow it to penetrate inside you as you speak it and live it out.

Naturally, when you declare you are rich-make an effort to earn money to substantiate that claim. As you learn how to set goals and make money, develop yourself spiritually as well. Wealth solely for the purpose of personal gratification will not make you happy. If one is not happy, riches are inconsequential.

Money is not only a means of exchange-it is quality of awareness anyone can avail of. Why be poor when you can become rich instead? Make a choice today to enjoy wealth unlimited and live your best life yet.

Learn more about buiding wealth in six minutes a day. Stop by Six Minutes to Success, and find out what it can do for you.

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You, Inc. — Replacing The Corporate Culture In You

Can I tell you a secret? There is tremendous power dwelling inside of you. The leaves of our history books rustle with stories of great men and women who dare go up against a pre-existing culture and turn it around for the better. What is the world without individuals like Galileo, Gandhi, Martin Luther King, Jr., and yes, even Oprah Winfrey? These people took their own personal culture and nothing was ever the same again.

How does this even apply to someone like me, you might be asking. Perhaps you have no plans on changing the world; however, you can change life in you and everywhere else within your reach.

We understand that culture is the set of ideas and doctrines that a group of people adhere to. Culture doesn’t necessarily mean the world or national setting we know it to be. It applies to smaller clusters of people like our family, the society we move in, or the work we find ourselves in. This article will show you how to purpose life improvement in a corporate culture by creating your own.

There is a story in the’50s about an insurance company wherein this person would give motivational messages to his staff every week. As you know sales jobs were pretty stressful even then and the weekly dose of motivation quotes meant a lot for the employees. As it happened, the owner was to go for a vacation; so to compensate for the time he won’t be there, he pre recorded the weekly motivational talks to be played when he was gone.

These motivational quotes worked so well that the employees kept the recording to continue to inspire them. Now there are over one million copies of this powerful message that have been sold. By the way, this is a true story-one that can happen to anyone.

Do you want a significant life? What dreams and goals are you cherishing in your heart today? Write it down as well as the other ideas that you associate with your goals and make it specific. These are your paradigms. Think of which of these mindsets you want to improve on and find out the causes that have formed them throughout your life.

We conclude with the most essential of all-what will you do about your life now? Many people find themselves to be the victim or the participant of the cultures their own paradigms establish. Why don’t you break the mold? Create the culture you want and consequently change life to how you want it to be through the attitude you adopt and the words you speak.

What does it matter if it is motivating people to do well in their sales jobs or changing the world Oprah-style? You purpose life in changing the culture and making a difference in somebody’s life. Release the power that lies inside of you and make your footprint in this world.

Learn more about buiding wealth in six minutes a day. Stop by Bob Proctor’s site, Six Minutes to Success, and find out what it can do for you.

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Becoming Good AT Making Dewcisions

Decisions are potent in the business of goals setting. To be a legend in whatever world we want to move in, we must purpose to remove indecisiveness from our vocabulary and just do what we set out to do in the first place. What are the things we can do to enter into a higher level of success in life?

Consider this, our daily living runs smoothly because of the planning we do in advance. Imagine going to the dentist or taking a flight another country without pre-booking and reserving a slot for you? Advanced planning is a useful and indeed, an integral means of simplifying life.

Advanced decision-making will help make reaching your goals easier– resulting in a more productive, time and cost-efficient life. Determine ahead that nothing will put you off on your goals no matter the people or situations that may come to discourage you.

Prop up your established dreams with the discipline necessary to see it through. For example, every successful dieter knows that to reach his goal, he will need to disregard his natural inclination to eat rich and calorie laden food, and dine on a healthier fare instead. His motivation to lose weight will push him to make the right choices.

What about hitting the six figure income bracket? Sounds like an ambition worth including in your goals setting? Do all that you know to do to achieve wealth-bearing in mind that it will not be an overnight success, but will take hard work and tenacity of spirit. Persevere no matter what and you will see your six figure income before long.

Anybody who wills it can attain the victory they want in whatever area they want. You can reach your goal better and faster by fueling your motivation and implementing your advanced decision making practices.

What do great individuals have in common? The strength of their values propelling them to believe and live the way they do. The unshakeable faith in the goals they have established directed them to program themselves to act only in ways that will support the ultimate realization of their cherished dreams.

Let nothing, people or event; thwart you from achieving all that you can in life. Your happiness and wealth are yours for the asking-let your decision bring you to higher heights today.

Learn more about buiding wealth in six minutes a day. Stop by Bob Proctor’s site, Six Minutes to Success, and find out what it can do for you.

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Decision Making 101 — How to Make A Decision

People sometimes wake up and wonder why they are where they are in life. Simple-it is because of a series of decisions people make that determines one’s destiny. If you want to achieve your financial and personal goals, you have to know how to make good decisions. No other thing can change your life.

The primary characteristics you need for effective goal setting are self-knowledge and self-confidence. Everybody misses the mark at some point in their lives. These two key traits recognize that the failures you face are not who you are but are only events that you go through on your way to your goals.

Do not be uncomfortable in making decisions. If you are, then you need to resolve that within yourself before anything else. You cannot avoid decision-making anymore than you can avoid breathing and eating. Stand by the choices you make and expect only the best.

People usually make decisions based on the circumstances they are in. If that were so, we would have missed out on a lot of great inventions and reformations in our systems simply because obstacles are hindering the path. Never allow your goal setting be determined with the circumstances you happen to find yourself in.

Money is another factor that encumbers potentially great decisions. While wisdom dictates us to consider everything before stepping into something important; resources at hand should not be the main reason for making a choice we know we should take. If you need to make an important decision, do so regardless with what you have right now-money will find its way to you.

Decisions serve to organize your thoughts, which in effect, bring you results. Anybody can make money and become rich. Don’t wait for the economic forecast to look good before you opt to make money. Be firm and decide to become rich whatever your reality might look like right now.

What personal goals are you looking at today? Have there been some disappointments in the past that have discouraged you that you abandoned your goals? If you want to have a truly meaningful life you cannot let this stop you. Settle it in your heart that you will become a success; your past track record cannot nullify that regardless what you feel or think.

Everyone remembers the winners; we forget the mistakes they have made in light with their successes. The strength of their legacy lies in the decisions they made to pursue a path of excellence no matter what. You too can change your life by making that decision today.

Looking to find the best training available on buiding wealth in six minutes a day, then visit Six Minutes to Success.

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New Outlook, Transformed Situation

There will come a point in everybody’s life when what you have will not anymore satisfy you. There is nothing wrong with wanting more out of a tired situation in your life. It is the very dissatisfaction of such things that will propel you to grow and change your life to receive more.

Look at your life right now. What makes you frustrated and discontent? For a lot of people it is their financial and career goals which are important aspects in life. If it is quality of life you want, you need to resolve this because it is closely intertwined with your personal life as well.

What do I mean? Not only does your job provide you with the money to buy the things you need; the right career goals will give you fulfillment and purpose in life. Too often we think too little of our professions as only what we need to do to survive- if we think like this we are missing out on enjoying quality of life beyond what we expect.

Ask yourself what you think about certain aspects in your life. List these down as well as the associations you think of when you think of it. What you are doing is finding out the paradigms which dictate the thoughts, emotions and resulting actions of what you do with that particular area.

For example, observe your thoughts and feelings regarding the career you are in. Is it negative or positive? If it is negative, why is that? If you are in a place you are not happy in at all then consider a career change. Find a job that will engage your passions and encourage you to produce an excellent work output.

Keep in mind that you need to find out what is the source of the dissatisfaction towards your job before taking on a career change. If not, you will be in danger of only transferring your emotions to the succeeding employment you are in. Past adverse experiences and negative associations must be dealt with as soon as you become aware of them. Perhaps once you resolve these issues you will enjoy work and you will not even need to find a job anywhere else.

Now, do you have a positive view of your career? If the job you have fully utilizes your talents, is something you believe in and is personally enjoyable-you will go to work happy. Working with this attitude will allow you to produce more which results in money and corresponding rewards.

You really don’t need to look everywhere to change your life. The answer resides within you. You can make something beautiful out of any old situations that have been detrimental to your growth. Have a good attitude, thing good thoughts and begin to expect the best-you have the power to create the reality you so desire.

Looking to find the best training available on buiding wealth in six minutes a day, then visit Six Minutes to Success.

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Understand Cultures And You Have Global Freedom

Culture-it is a powerful tool if you want to change your life. Culture is defined by the established beliefs and ideals set by a particular group of people. The most influential of these are those cultures that have been put in families, companies and in the nation.

In every era, there are certain damaging aspects in one’s culture that have hindered many to become rich in their financial and personal lives. Imagine, only decades earlier, discriminations against groups of people were justified and left to fester in national cultures throughout the globe. Where would we be without world changers like Martin Luther King, Jr., Mother Theresa and Amelia Earhart today?

Indeed, it would probably easier to step back and live unperturbed lives; free from the dangers that come with challenging pre-existing paradigms. However, because of the examples these brave people made, we know that it is possible to make a difference; more than that, to use your culture as a stepping stone to global freedom.

Reflect on this for a moment: what specific paradigm is influencing an aspect of the culture you want to change? For many it is the idea that it is difficult to become rich and make money in the present economic climate we are experiencing. Don’t consider the externals before the internal. Tap the limitless potential within you and consider stepping into and being a success in the global market.

Write down the goals you want and all the ideas you associate with it. If it is to build wealth in an international level, it might be international jobs, to earn money online and make money on the internet. Is there a sense of resistance inside you? Are you comfortable with the idea that you can make money using innovative, and possibly riskier methods? You are uncovering your paradigms and correcting them to be in alignment to your goals.

You can either be a victim of the culture you happen to be in; or you can use this to bring you to a higher level in life. The income opportunities that are open when you start to make money on the internet are beneficial not just in a financial sense. It can also improve your quality of life. When you earn money online, often times you will find yourself working from home. Working from home means you get to have more time for what really matters-your personal well-being and your family.

Study all your options and choose the best one that will allow you to build wealth and give you a quality of life you have always wanted to have. It may not be international jobs or the other income opportunities we talked about here; but it does have to be something you can be passionate about and follow through regardless of the cultures that may oppose your dreams.

The culture you have now may be big-but your heart and attitude will create space for you to be a success. Remember, you can change your life; but more than that, you have the power to change the world.

Want to find out more about buiding wealth in six minutes a day, then visit Bob Proctor’s site, Six Minutes to Success.

Avoid Chaos — Learn To Make Decisions

How many times have those “if only” moments come back to haunt you for whatever it is you have or have not done? Too often, we find our dreams lie just within our grasp-if not for the indecisions that kept us from making that all important commitment to follow through.

Decisions are a part of being alive; more than that, it is perhaps the one thing that may change your life to the one that you’ve always wanted it to be. It brings purpose life needs in order to be significant– whether it is to build wealth, or to enjoy a deeply fulfilling personal existence.

Making decisions is bringing order to the manner by which your mind processes things. It will direct you to a specific course of action you have to take in order to attain your goals. If it sounds easy, you may not have come across factors that will make you have second thoughts on what you previously thought was good. Be aware that indecision can keep you from enjoying an amazing quality of life you could have had.

What is indecision and how does this affect us? Indecision is the inability to choose a stand and to stick by it no matter what. People may think this is a trivial thing to concern ourselves with, but being indecisive creates internal struggles which when left unchecked, will progress to emotional and mental wars.

Experts on this matter also define indecisiveness as ambivalence. Having conflicting feelings on a particular matter will hinder you from taking the appropriate steps to reach your goals. Ambivalence will make you unproductive and frustrated-the opposite quality of life you should be having.

If you know this and catch yourself in this state, immediately take yourself back to where you want to be and choose to make a decision and stick to it. Perhaps it is to build wealth, stay on the path that will get you there. If you plan to change your life, you cannot do it without taking charge of your life.

Do not feel helpless with adverse situations you might temporarily find yourself in. Your decisions should be resolved internally, generally independent of all circumstantial factors. You can build wealth beyond what people expect of you; all you need is strength of will to see it through.

Remember– control your destiny by managing your thought patterns. Purpose life improving decisions that will set you on exciting adventures and the most rewarding experiences you always wanted to have.

Looking to find the best training available on buiding wealth in six minutes a day, then visit Six Minutes to Success.

categories: Six Minutes to Success, Bob Proctor, Napoleon Hill, the secret, law of attraction, science of getting rich, quality of life, career goals, become rich, six figure income, making money, wealth building, financial freedom, success

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