Cricket in India is the most popular and most watched sport as compared to all other sports in India. The passion, the craze, the thrill and the excitement that the spectators experience is in matchable to that of any other sport. Cricket in India is like Football in Brazil or Spain. The enthusiasm and the excitement is above all other things. Cricket in India is everyone’s favorite (still there are few who doesn’t like the hype of the game) and is played by most people. People here in India can talk cricket all the time. Cricket flows in their blood and probably that’s the reason for “We Bleed Blue” slogan we saw on t-shirts during ICC Cricket World Cup 2011. It’s back! The fun, the action, the madness and the crazy atmosphere that engulfs each and every part of the country. It’s the game that is a sport second and a religion first. The game that makes millions of hearts skip a beat as the ball is hit high up in the air. Will it be caught? Or has it been hit hard enough to cross the boundary line? Yes, it’s cricket. As the Indian Premier League (IPL) is back with a smashing tenth season, there’s a lot of excitement in the air. If you cannot fathom how cricket is related to making money apart from the fact that cricket stars make tons of it, let us help you out in deciphering what you can learn about financial planning from the IPL format. Start early T20 does not reward late starters—teams need to start scoring early in the innings. If you don’t have enough runs on the board, your batsmen will always be playing catch-up Similarly, you need to start investing and saving early. The sooner you begin, the more time you get to compound your capital. Also, all batting sides take advantage of the fielding restrictions early in the innings. In the same way, when you are young, there are many things you can afford to do as compared to when you grow older. One of these could be to start building your financial resources when you have few other financial obligations. Surprise, Surprise! People say cricket is a game of uncertainties and it’s absolutely right. No matter how many pitch reports and game predictions you make (depending on the latest form of players from both teams), you can never really predict the outcome. A batsman who has been consistently failing in the previous matches might suddenly surprise you with a century. Or a bowler, who had a five-wicket haul in the previous match, might just get banged with fours and sixes. Basically, it’s all about surprises. Investments are exactly the same. You always need to be equally prepared for the pleasant surprises and the bad shocks as well. Since it involves a fair bit of risk, there’s always some room for surprises creeping in. Strategic break Teams take a strategic break to review their progress after 10 overs and chalk out a strategy for the rest of the innings. Such strategy breaks are important for your financial road map as well. If you don’t regularly review progress and look at ways to address the problems and challenges, you may end up falling short of your financial targets. Seek advice of a coach: On an IPL team, there is a whole host of inexperienced actors who may be good but are not familiar with what needs to be managed to accomplish success on the field while facing players of professional gauge.This is true of life as well as finances. You may an innate sense of investing, but may not have adequate knowledge of all investment avenues. It is therefore best to seek advice of a financial planner who will make your money work for you. You may like : How does one go about financial planning? Balance Just like a team needs the right balance of big hitters, anchors and effective bowlers, your investment portfolio, too, needs the right balance of investments. Too much of growth or aggressive funds, without adequate support or backup, might make your portfolio shaky. You must recognize that your investments should be diversified across sectors and different assets, and not be concentrated in any one area. Cultivate and maintain a winning attitude: For any player who is a part of IPL a winning attitude is a must. Only when each player of the team believes that he will do his best will the team win the match. This is true of your financial goals too. You must have the confidence to invest in a regular and discerning manner and believe that your investments will accumulate wealth for you. Distractions can be entertaining, but ultimately the score matters T20 is highly entertaining not only on the pitch, but also because of all the music and dancing. But ultimately, a team wins or loses on the back of its performance. Similarly, while you are securing your finances, distractions such as the hottest investments or the flavours of the month will come and go, but what matters most is that your “investment scorecard” should show a healthy average. You must focus on what matters and ignore the distractions. So, you can see even a game of cricket in an entertaining format can teach you a thing or two about better money management. As you enjoy the ongoing season of the IPL, make certain you keep these simple lessons in mind as well! seek advice of a financial planner who will make your money work for you.4/17/2017 Smart goals for smart young girlsYour twenties are full of bucket list and huge decisions, when you are at 20’s and adult things start happening you no longer want to rely on mum and dad. You may not want to even think about money right now and to be honest I wouldn’t blame you, With malls and e-commerce websites everywhere, today’s young girls are exposed to quite a high spending choices ever. If you are one such girl who recently started earnings and is free to deal with your money, this post is for you! It may sound terrifying the younger you are its better to start planning which will be benefited in the long run. There are however a few ways to plan out your finances for the future which are stress free and incredibly simple, and could save you thousands in years to come. Save and invest smartly You should begin building your emergency fund. It can be as little or as much as you can afford, you don’t need to be earning a huge amount to be able to put money away and start a savings account. Establishing an emergency fund now can help you avoid amassing major credit card debt in an emergency. Save at least 10 percent of your salary every month to build your emergency fund. Build Your Credit: You may have a credit card from college, but now is the time to start making sure you are actively building your credit history. Your credit history will help determine your credit score, which in turn will determine your credit worthiness when applying for rental apartments, car loans, mortgages, etc. Credit cards can really get you into a lot of debt if they are not kept under control and try to paid off as soon as possible, high interest rates are never a good thing and so make paying off those cards your top priority. Retirement Planning Retirement?? Yes, you read it right! Retirement may seem like years away, as you just began to earn. It doesn’t matter! It is the time you should begin your retirement planning . Setting a goal with a long time frame is the most effective way to yield good returns. Plan for Higher Education To meet with your career goals and reach heights, you need to be constantly updated. You may have to enroll for new learning to increase skill set. Save from now to meet those needs without financial constraints. Especially, if you aspire for higher education overseas, which is a costly affair, start saving from now or Rather than hiding away from what you are spending by refusing to open those bank statements (I am guilty of this) it is very wise to sit down with a pen and some paper and work out how much you actually do spend each month. Marriage Goals If you are one such girl who always dreamt of Big fat marriage.Dreaming is a natural phenomenon. Every human being contains a soul, which is immortal and invisible so,start saving towards it. With right investments, you could accumulate enough for your marriage. Plan for a honeymoon in your dream country! Why to compromise with India's Hill station. WANT TO ACHIEVED BIG THINGS WITH YOUR FINANCES ? GET THE TIPS AND RESOURCES FOR FREE SO THAT YOUR CAN ACHIEVED YOUR DREAMS EASILY.Prime Minister Narendra Modi Formally launched the Aadhaar Pay on the birth anniversary of the Father of Indian Constitution Dr Bhim Rao Ambedkar which may change the payment sector in India. It is a biometric-based payment system which will enable you to make payments with the help of thumb impressions. PM Modi had talked about the Aadhaar Pay, for the first time on New Year’s eve, on December 30. After the November 8 announcement to scrap Rs 15.44 lakh crore of high value notes, the Modi government has rolled out scheme after scheme to dissuade Indians from dealing in cash and switching to digital transactions. In December 2016, Modi launched the BHIM app for facilitating electronic payments by consumers. In March, the government launched Aadhaar Pay, a new Android-based smartphone app. Meanwhile, this new app will be available in many new languages including Bengali, Gujarati, Malayalam, Tamil, Odiya, and Telegu. Moreover BHIM App will also have a new feature of spam report. Using this, you can block unwanted and unknown payment requests. Do you think BHIM Aadhaar app will help PM modi to fulfill his dream of cashless economy ? Do India needs this app? Yes It will be the platform for traders along with two incentive schemes on April 14, to push Indians towards a “less-cash” economy and curb black money generation.. (Now,Link Aadhaar Card and PAN Card.) Let us discuss about the benefits of BHIM-Aadhaar App First question arise on our minds as a common man How will Aadhaar Pay work and how it will make our life easier? Traders can download the app from play store or iTunes. After that, they can log in with their Aadhaar number using the fingerprint scanner. Once the app is validated, traders can use it to take payments. The Aadhaar Pay is expected to make people’s life easier and less dependence on credit or debit cards and reduce cash transactions. How to use the BHIM App and what are the benefits? Traders can download the app from play store or iTunes. After that, they can log in with their Aadhaar number using the fingerprint scanner. Once the app is validated, Traders can use it to take payments. Customers do not need a debit card or credit card for payments through Aadhaar Pay. Also, Aadhar Pay would end the need to have an internet connection, many payment apps, or POS machines. Aadhaar Pay would not charge Merchant Discount Rate (MDR). MDR is the charge paid by the merchants to a bank merchant for accepting digital transactions through credit or debit cards . Only traders need to have Aadhaar Pay: Aadhaar Pay is an app that needs to be carried by the merchants only. Users just need to have an Aadhaar-linked bank account and mobile phone, credit or debit cards. Traders can download the Aadhaar Pay app to take payments online from customer’s bank account to their own account using the 12-digit unique Aadhaar number of the clients where clients can choose any of their bank accounts to do the transactions. Modi also launched two incentive schemes for the Bhim app - Cashback and referral bonus - with an outlay of Rs 495 crore for six months. He said for every person introduced to the Bhim app, one will get a cashback of Rs 10+ "If you refer 20 persons a day, you can earn Rs 200," he added. Bhim-Aadhaar Pay, the merchant interface of #Bhim_app, will pave the way for digital payments using biometric data - fingerprints or iris scanners - on a trader's device which could even be a smart phone with a biometric reader. Finding Difficulty in managing your money? Seek financial advice From India’s best financial Advisor Moneymindz.com.4/15/2017 The Biggest MoneY Mistake We make.Imagine for a fact that you completed your graduation and went on to apply for the job. By god’s grace you landed a good job in a good company. Furthermore, you started working well and began to earn good salary. You are real excited hitting each and every road of the town and doing shopping for your family. We will be excited, because of the salary credit taking place and will try to spend the amount. Now, here is the catch. We will not be having any idea about way to spend the amount. Moneymindz is the best financial company offering financial advice to citizens of India regarding financial products Spending Money: This is the major reason leading to debacle in the business. Mistake done by us, is that we underestimate expenses that takes place. You do not keep sufficient cash reserves, in order to satisfy your daily needs. This is a major reason for worry. One needs to reassess the financial position in a quarterly manner to avoid spending money. Huge Money On Housing: We Indians, value our house and hence end up spending lot of money on house related issues. Construction of the house, repair/renovation, purchasing valuable items/components of the house, is hitting your wallet. This leads to confusion and one cannot save money properly. Doing Huge Credit Card Debt: You get excited and apply for many credit cards, because salary is good. Later on you go crazy and have dinner, shopping trip, purchase antique pieces, amazing vacation and this piles up on your credit history. You will have a huge credit card debt and if not cleared on time, can lead to problems. Purchasing Costly Items: The major mistake done by people in India is that we purchase costly items like air conditioners, idols, antique pieces with an average salary. It can be really disgusting, because at the end of month you struggle. Example: Mr. Raghavendra is working in a top notch IT major as level one programmer. Since his aunty is arriving from Canada after 35 long years, he decided to renovate the house and purchase costly furniture, which was not required at that stage. His expense came up to staggering 5.5 lakhs. He suffered because his money management was pathetic. No Retirement Savings: You only thought of the present and ignored the future. This can be very disgusting at times. Ignoring your saving for future can be hazardous and during your old age can lead to mountain of problems. So, the meaning is simple. The money you invest can earn you more money. The more you save the money, the less you struggle during later stages of your life. Are You finding difficulty in managing your money ? Seek financial advice From India’s best financial Advisor Moneymindz.com.Money is one of the important possessions to have to live and maintain a safe and secure life not only in present but also future life. Money brings many benefits not only to the owner but also to others, though indirectly, when it is put into circulation. Money invested wisely into safe and risky avenues will always help in bringing more money. The correlation between saving money and leading a better quality of life? Not just because you can buy more things, but because you get better at how you live. If it doesn’t add up. Money makes life better when it is put to use to fulfil one’s deep rooted desires as well to fulfil the desires of near and dear ones. Money helps in living and leading a quality life with one’s own resources. When you develop the habit of managing money, research proves that you change how you think. You get better at regulating impulses and distracting yourself from temptations. Once your willpower gets into the groove, your brain becomes better at focusing on a goal. And better focus increases your chances of achieving your goal Regulating impulses and handling money well leads to reduction of unwanted luxuries from life. You eat healthier and perform constructive activities, making better use of your time. Thus, you lead a better lifestyle than most of your peers. That is the overall function of money. To help lead a safe , secure and qualitative life throughout one’s time on this planet earth as well as to fulfill the desires and dreams of self and other persons who are close to oneself. But using money for the betterment of deprived sections of society makes life better in true sense. Using money to help other deprived members of society to help them meet their basis needs of education and helping them get useful employment brings a deep sense of happiness which makes life better not only for the beneficiaries but also for the person using his/her money in this manner. Money,when utilized for selfish reasons, can bring ephemeral happiness only for some time but putting money to good use for the overall benefit of society brings long lasting happiness which makes the life infinitely better. So to lead a truly better life, one must use and invest money to first satisfy needs and desires of one’s family and after that one must put money to good use for the benefit of other “not so lucky “sections of the universe. Seeing a smile on other faces gives immense satisfaction. So put money to productive use Finding Difficulty in managing your money? Seek financial advice From India’s best financial Advisor Moneymindz.com.4/14/2017 Are You prepared For The Unexpected?Best way is to start. I know that sounds silly, but it’s true. If you spend so much time thinking about emergencies, but never do anything about it, then you’ll never get anything done. So, here’s some ideas on how to get started. Get all of your important documents In a single location. If you can, get notarized copies of these important documents and put them at another location (your parent’s house, a bank deposit box, etc.) That way, in an emergency, you can access these documents quickly. INSURANCE Insurance provides security Insurance provides safety and security against the loss on a particular event. Life insurance provides security against death and old age sufferings. Fire insurance protects against loss due to fire while Marine insurance provides protection and safety against loss of ship and cargo. For personal accident and sickness insurance financial protection is given when the individual is unable to earn. In other insurance too, this security is provided against the loss at a given contingency. In Business, commerce and industry, huge properties are employed. Because of slight negligence, the property may be turned in to ashes. A person may not be sure of his life, health and cannot continue the business up to the longer period to support his dependents. By the help of insurance, he can be sure of his earning, because the insurance company will pay a fixed amount at the time of death, damage by fire, theft, accident and other perils. That’s 3–6 months of your family income. Too many people spend a lot of time preparing for the while neglecting the much more likely event of a personal disaster like loss of a job, etc. Getting together enough money in the bank that you can float for a little while is worth the peace of mind Learn to use everything in your kit! I suggest going on a camping trip with what’s in your bag. You’ll get to road test your kit before you ever need it. I’ve seen plenty of people that have never used anything in their bag, only to realise that they don’t know how it operates, and have trouble using it in the field. These are some basics, there’s a whole internet full of “Prepper” strategy, with advice on how to prepare your finances for an emergency, gardening, long term food storage, basic first aid, communications by radio, etc. but this is where I would start Are you looking for a insurance ? Seek financial advice From India’s best financial Advisor Moneymindz.com.Financial_literacy for kids is about ensuring that your child is educated on the best way to manage finances. This is a way of securing their future. This is because they will be able to learn how to manage money in all ways possible. This helps them spend wisely at all times. Kids now a days get aspired to be astronauts, scientists or entrepreneurs. No matter what they become when they grow up — a computer whiz, talented artist, gifted surgeon or a competent lawyer --Financial_Literacy for kids is important as it prepares the toddler for a brighter financial prospect. It is the duty of every parent to make sure that their children have adequate knowledge on cash matters. Good monetary literacy will help your child to have a good understanding and awareness of cash But the challenge for parents is in familiarising children with ideas such as inflation and insurance, without boring them to tears with our usual rants? Parents can share real time example so that they don’t get bored. You can show them youtube videos relating to finances. Take inflation, for instance. Prices of products and services going up over time is something we can make our children understand. This is the foundation for many other concepts such as supply and demand, interest rate and the need for #savings. The story of rahul a maid in Bengaluru, is used to introduce this idea The old lady he works for plans a birthday party for her grandson and buys goodies such as chocolate cake, toys and new clothes. When she casually mentions the price she paid for these, Mani is shocked; just six years ago he had bought these items at bargain prices. He thinks someone had fleeced her, but she explains how prices go up over time and that is normal. This fact gets rahul worried, as the cash he has been stashing in a bag under his bed may not be enough for the more expensive future. Grandma explains the idea of getting money to grow and decides to keep his money in the bank to earn interest. No rocket science here, but the story repeats the price increase in different products — all of them of interest to children — to ensure that the point is made. And rather than preach economics, it moves on to the practical question of how price increases can impact you adversely and what you can do about it. Putting aside money for a rainy day is another life lesson and a habit that can be taught early. Introducing insurance Sufficient savings may not be feasible for many situations and some risk mitigation ideas are needed. Insurance is explained through a clever and time-tested story-in-a-story (one and a half stories) format, bringing old-world kings and jungle robbers along with car and health insurance. A precious crown is to be made for a king, but there is the risk that a dacoit in the jungle may strike when it is transported. A clever lady suggests a deal to the goldsmith — deposit 20 coins and she will pay back the 200 coins it took to make the crown in case it is stolen. This backdrop is used to explain modern day insurance products, with a new product idea of toy insurance thrown in. Do you want your kids to be financial independence? We at Moneymindz.com will make it easy for you. We only provide FREE financial advice so that you are not mis-guided while buying any kind of financial productsIf you have started dating each other and planning for marriage, then now is the best time for Discussion and plan for your Finances. Because in the future it will be the biggest challenge in managing money with your spouse or partner. If you don’t agree on money basics, like budgeting, spending, and #saving, that can cause serious problems in your relationship. But don’t worry—if you’re fighting about money or don’t think you can ever see eye-to-eye, there are ways to settle your differences. Below are the some tips for young couples for dealing money Together. Know Your Money Personality Understanding your “money personality” is the key to ending conflicts about finances in your relationship for good. Your money personality is the distinct way that you think about and handle money. The Saver – Likes to pinch pennies, hates parting with money, and thinks everything is overpriced. This type likes to research purchases and rarely spends impulsively. Savers are organised and trustworthy with money. The Spender – Loves to buy for themselves and perhaps for other people as well and gets a thrill from making a purchase, even if it’s something inexpensive at a thrift store. Spenders live in the moment, buy on impulse, and don’t differentiate between wants and needs. The Risk Taker – Gets excited about possibilities and is willing to lose money for the potential financial return of an investment or business opportunity. This personality type thinks conceptually and doesn’t get hung up on the details. Risk-takers can be impatient and make decisions without consulting others. Talk about your shared goals as often as possible. Speaking of shared goals, it’s vital that you’re on the same page with regards to what goals you have and how your income is working toward those goals. If you’re not working on the same goals, then you’re going to be literally working against each other in terms of your use of money and time, which will hold you both back from what you want to achieve. For example, let’s say one of you is focused on retirement savings, while the other person is all excited about saving for international travel. If you’re both simultaneously pulling from the same pool of money for this, neither one of you is going to reach your goal with any speed. The best approach is to sit down together and figure out goals that you share, then figure out a plan to work toward those goals. It might not be an easy process. You might not even know for sure what goals are most important to you. That’s also going to be part of the conversation. PLAN FOR RETIREMENT Retirement Planning in India is not an easy job at all. Rising inflation numbers, slowing economy growth, love for Gold and of course too many financial products do not make life easy for any individual planning for retirement. Mis-selling of financial products by banks and other financial institutions has only doubled the customer’s confusion . Never think its too early to plan for retirement. It is important to save and not sacrifice your retirement savings. Never compromise retirement fund for your child’s education needs. Thus, it is crucial to have a separate saving for each of your goals. This way you can meet all your goals with ease, without any sacrifices In a Free time, sit with your spouse and discuss money matters be it small or big. Have a well-planned budget to build your wealth together and have a long happy married life!. Seek financial advice From India’s best financial Advisor Moneymindz.com and have a personalized financial plan for FREE. we are not a seller of any financial products. We only provide FREE financial advice so that you are not mis-guided while buying any kind of financial products.4/12/2017 How to Plan a perfect budget vacation?Travel is a way to explore joy in life and discover self. Going on a holiday and taking a break from your personal and professional routine, helps in many ways. “The world is a book and those who do not travel read only one page.” – St. Augustine However, it could get difficult to accomplish your travel dream, if you are left with a limited budget and improper planning. If you wish to sneak in a great vacation, read through the post for the best tips to plan a gateway within your budget. Set Up a Travel Savings Account: Set up a targeted savings account for travel and keep adding to it, regularly. Saving in advance facilitates worry-free vacation. You will not have to go swiping your credit card and thereby avoid building up of the debt. A dedicated travel account would allow you to keep a track on your budget and spend within a limit. In simple words, your vacation costs should not show an impact on other aspects of life like altering your credit score, disturbing your saving towards your kid’s education, etc. Plan Ahead: Decide your destination well ahead. Forecast your trip cost and keep saving accordingly. Once you decide on your destination, create a proper travel budget that includes costs on travel tickets, food, shopping, lodging, sightseeing and research about the cab expenses to travel one place to another. Planning ahead aids in booking tickets at a lower cost. Last minute purchases are often expensive. Avoid plans during peak time or in the last hour. Off-season trips are always affordable. Get the travel insurance on the day you book your travel ticket. It’s a cool insurance to cover your neck, when you are stuck at a remote airport because of flight delays, or get food poisoning because your stuff everything you see down your throat. According to the IRDAI, “Travel Insurance protects you and/or family against travel related accidents, unexpected medical expenditure during travel, losses such as baggage loss, loss of passport etc. and interruption or delays in flights or delayed arrival of baggage etc. Now Question arises is it rAeally necessary? Yes, if you like your money, yes! When you are on an adventure trip and go for treks around scenic locations, the last thing you want is to worry about medical expenditure. Accidents can happen any time, any place, so it’s best to insure yourself for them. By personal experience, I got bitten by a bug (ugh) in Singapore, and was walking around with a swollen eye! It got medically treated and fully covered by travel insurance! Stick to the Allotted Budget: Check for budget-friendly packages. Do not forget to check for reviews or get a feedback on those who already availed the deal. It helps you pick the best available service. Cut off on relying on credit cards during the trip so that you neither cross your budget nor increase your credit card debt.Avoid relying on tourist hotels for food. Research locally available food and drinks. It is not just a way to save money, but a chance to experience the local, seasonal tastes too! Conclusion A well-planned vacation helps you accomplish your travel dream within your budget. The Same formula applies, when it comes to your life journey. With complete financial planning based on your income, expenditure and assets, you could aspire to meet all your money goals in life. For a holistic advice on financial planning to lead a stress-free life, approach online advisory like Moneymindz. Fulfill your life journey as desired. Finding Difficulty in getting a #Health_Insurance ? We at Moneymindz.com will make it easy for you.4/12/2017 Why to invest in mutual fund ?Lot of reasons why very small number of people investment in mutual funds but main reason is that people do not understand what Mutual Fund is and there has been very little effort from the industry to simplify it for consumers/investors. From stocks, bonds, shares, money market securities, to the right combination of two or more of these, however, every option presents its own set of challenges and benefits. So why should investor consider mutual funds over others to get more returns? Mutual funds allow investors to pool in their money for a diversified selection of shares, managed by a professional fund manager. It offers an array of innovative products like fund of funds, exchange-traded funds, Fixed Maturity Plans, Sectoral Funds and many more. Whether the objective is financial gains or convenience,mutual funds offer many benefits to its investors. Simplicity: Mutual Funds Are Easy to Understand Anything can be made into something more complex than it needs to be and mutual funds are no exception to this truth. However, mutual funds require no experience or knowledge of economics, financial statements, or financial markets to be a successful investor. For beginners, here is a simple definition of mutual fund: A mutual fund is an investment security type that enables investors to pool their money together into one professionally managed investment. Mutual funds can invest in stocks, bonds, cash and/or other assets. These underlying security types, called holdings combine to form one mutual fund, also called a portfolio. Accessibility: Mutual Funds Are Easy to Buy Mutual funds are offered at brokerage firms, discount brokers online, mutual fund companies, banks, and insurance companies. Even beginning investors can easily open an account at a no-load mutual fund company, such as Vanguard Investments, and open an account within minutes. Diversity: Mutual Funds Have Broad Market Exposure One mutual fund can invest in dozens, hundreds, or even thousands of different investment securities, making it possible to achieve diversification by investing in just one fund. However, it is smart to diversify into several different mutual funds. Variety: Mutual Funds Come In Many Different Categories and Types As you grow your portfolio of mutual funds, you will want to diversify into various mutual fund categories and types. You can invest in mutual funds that cover the main asset classes (stocks, bonds, cash) and various sub-categories or you can even venture into specialized areas, such as sector funds or precious metals funds. Affordability: Mutual Funds Have Low Minimums Most mutual funds have minimum initial investment requirements of 1000 or less. In many cases, if the investor initiates a systematic investment program, where they have a fixed dollar amount or fixed number of shares purchased once per month, the initial investment can be as low as 500 Frugality: Mutual Funds Cost Less to Manage Than Other Portfolio Types Costs as a percentage of assets in the portfolio are usually lower for an actively-managed mutual fund when compared to an actively-managed portfolio of individual securities. When you add up transaction costs, annual fees paid to a brokerage firm, and the cost for research tools or investment advice, mutual funds are less expensive than the typical portfolio of stocks. Other variables influence the cost of managing a portfolio, such as the amount of trading activity, the size of transaction, and taxes. Lets start from the start. In conclusion, Lack understanding from people about what the product is and how to use it for their benefit caused by how industry has failed to communicate the category essence and how industry is structured - making things complicated instead of simplifying for investors; There are people who have achieved their goals and made money from investing in mutual fund and there are people who have lost money but to get more people to invest in the fund and stay invested in the funds - there is once thing industry has to do : Simplify the journey for people. Do you want to invest in mutual fund or finding difficulty in invest ? We at Moneymindz.com will make it easy for you. |