July 30, 2019

MFATT: Types of Mutual Funds

A Mutual Fund is a collective investment scheme that pools investors monies to form the source for investments in various securities depending upon the investment objective of the scheme eg. equities, bonds, money market instruments, other financial securities.   For investors who would like to invest in mutual funds, where do they start? The number of funds is so large and investment programs so varied, that investors could become overwhelmed. Generally speaking, there are four broad types of mutual funds; […]
May 14, 2019

Managing your Family’s Finances

Managing your family’s finances isn’t an easy task. In addition to offsetting the cost of raising children and managing the household, you’re probably facing hefty financial burdens, such as saving for retirement, college tuition, home ownership, and more. Although it may seem a bit overwhelming, balancing your family’s short and long-term financial goals is possible.     The following tips will help you and your family move closer to financial security/ financial freedom.   Define your family financial goals- Remember […]
April 8, 2019

Get Back on Track with your Finances

We’ve all had unexpected financial occurrences throughout our lives that either throw us off our savings goals, or cause us to change plans and cut back; especially at times when we could really do with that vacation, a night out, or changing out that old phone. Whether it’s a large unexpected expense, a job loss, or a significant decline on your investments, everyone faces financial setbacks. In times like these saving money may be the last thing on your mind. […]
April 5, 2019

Mutual Funds Explained: Diversification

We have all heard of the term ‘Don’t put all your eggs in one basket’ and generally, this saying can be applied to many situations. In investing, it is no different.    In fact, not putting all your eggs in one basket, also known as diversification, is the best strategy to reduce the total amount of risk any individual is exposed to.   As an investor holds multiple assets, often across multiple categories, the investment risk is minimized by removing […]