5 Reasons Why Mutual Funds Is A Good Investment Option For You

When it comes to investment, mutual funds have become amongst the most popular choices in the country. Some of the key reasons behind this are an easy investing method, investment plans that are systematic, and good returns. Mutual Funds are professionally managed investment schemes and funds, which are run by an asset management company.

5 Reasons Why Mutual Funds Is A Good Investment Option For You

Reliance MF, a segment of the Reliance – Anil Dhirubhai Ambani Group, is among the fastest growing mutual funds in the country. This mutual fund provides a variety of products to meet different investor requirements and has a presence in 159 cities across the country. Know more about Reliance MF by reading along this blog.

Five such benefits of investing in the mutual funds

  • Mutual Funds offer Diversification: When a person invests in a mutual fund, it gets spread across a portfolio of assets and stocks. This, in turn, lowers the risk factor. You can invest your money in various companies across sectors. Along with that, your investment can be diversified across assets such as equity, gold, debt, and many more.
  • Managed by Professionals: Investing mutual funds such as debt or equity can be a daunting task if you do not know the associated details. You need a thorough knowledge, research, and expertise. That is where mutual funds help you. Knowledgeable managers with years of experience guide you through the whole process. Along with that, teams of experts are analysts are always available to help you if the need arises.
  • Offers a Wide Range of Choices: A mutual fund comes with numerous investment options such as stock funds, bond funds, sector funds, target-date mutual funds, money market mutual funds, and balanced funds, etc. You can choose one on the basis of your financial goals and how much risk you want to check. If you want to build long-term wealth or looking for capital protection, whether you want to have a regular income or simply want to save on taxes, a mutual fund will provide you with the same. 
  • Easy Investment Method: The process of investing in mutual funds is quite simple. If you have an Online Investment Service Account.You can invest sitting on your couch in any fund you choose. In addition to that, you can also select a Systematic Investment Plan or SIP. In this plan, the money will be deducted automatically from your bank account.  
  • Helps in Creating Long-term Wealth: You can create long-term wealth with the help of mutual funds. Mutual funds help you to save more taxes than any other option available right now. In addition to that, the associated risk factor also gets lowered if you invest in them for a longer period of time.

These are 5 reasons why mutual funds are a good investment option for you. If handled properly, mutual funds can be a great way to accumulate wealth over time. However, always keep in mind that mutual funds come with market risks. Therefore, do your research, choose an investment plan that will help you to meet your …

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Mike Hainsworth of Fort Myers Reviews Startup Basics: 3 Methods for Money Management

A tricky part of managing a startup is figuring out how to manage and partition money. While many famous examples of successful startups have gained publicity for burning through cash, the far more likely reality is that your company will be carefully managing funds to maximize output. But figuring out how to do this while working through all of the other complex tasks necessary for smooth startup sailing is not easy. A financial expert in Fort Myers, Mike Hainsworth gives three distinct tricks for managing your business’s money in transparent, easy-to-follow ways.

Mike Hainsworth of Fort Myers Reviews Startup Basics: 3 Methods for Money Management

1. Constantly update financial projections

When you first created a business plan for your startup, you may have created a simple set of 1-year and 5-year financial projections. But as time progresses, it becomes easy to merely glance at those projections and move on with your day. This isn’t conducive to a growth mindset, as it simply reinforces goals you set in the past. A more helpful approach is to set aside time every week or month to update those financial projections. This method will help you constantly reevaluate your startup’s priorities, whether that means you increase spending to match investor expectations or seek out new capital to fund future projects. You’ll also be able to revise financial goals and keep your vision on track. The most important outcome of consistently updating your financial projections is the ability to keep a firm grasp on the current financial state of your company. 

2. Keep track of tax break opportunities

There are many tax breaks at the federal and state level that small business or startup owners aren’t aware of. For example, a log of your car’s mileage when dealing with business matters can help you accurately deduct car-related expenses during tax season. There are similar tax breaks for other costs associated with small businesses like technology and large equipment purchases. Be careful with these tax break opportunities, though. Without a careful log of details involved in these expenses, the IRS will penalize you during an audit.

3. Contact professionals after hiring

Money management becomes infinitely more complex the second you hire an employee. Not only do you have to plan a salary and benefits for that employee, but you also need to calculate tax withholding and report both salary and withholding to the government each and every quarter. The paperwork for reporting this and for filing taxes is almost endless and can feel unnecessarily complex and time-wasting for those without experience. That’s why nearly every founder recommends hiring a business tax professional at this stage since he or she will have more than enough experience to properly deal with these issues. It’ll also free up your time as a founder, as the tax professional will only need your assistance at the beginning of the process and during the final steps. It may feel a little strange at first to relinquish some control on finances to someone outside of the company, but in the end, will free up your time …

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J.D. Perry, Baton Rouge CEO of Moss Point Financial, Reveals Alternatives to Stocks and Bonds for Investors

Smart investors with a proven track record like J.D. Perry of Baton Rouge have always kept a diverse portfolio that includes investments outside of the stock market. In fact, the super wealthy (people valued at over $100 million) keep more than half of their wealth outside of stocks and bonds.

J.D. Perry, Baton Rouge CEO of Moss Point Financial, Reveals Alternatives to Stocks and Bonds for Investors

If you’re interested in diversifying your holdings outside the market, take a look at the following choices recommended by J.D. Perry, Baton Rouge finance expert.

1. Real Estate Crowdfunding

Getting started in real estate as an investment seems daunting unless you have a lot of cash, but there are affordable ways to enter this market. If you have a high-risk tolerance, plenty of free time, and some building skills, you might be able to lure a partner or two into a house-flipping venture.

But crowdfunding networks allow you to invest a set amount of cash in real estate without picking up a hammer. Fundrise pools investors’ money and sinks it into development projects. All you have to do is collect your returns quarterly. Fundrise is the best-known name in this field; other firms in the industry include Realty Mogul and Realty Shares.

Pros: Fundrise’s minimum investment is just $500, and historic returns have been over 10%. Relatively low-risk.

Cons: Not insured. It can take months to close out your position and get your cash back, and the process is not very transparent.

2. Life Settlement & Viatical Investing

The Life Settlement market is buying life insurance policies where the original insured has sold its policy.  Big firms like Coventry and others will buy these policies directly from the individual as some discount.  The buyer then turns and resells the discounted policy to investors.  The advantage is you know before you invest exactly how much you will pay and the face value of the policy so your return is known.  Investors have access to medical reports and life expectancies to help make decisions.  A viatical is simply a life settlement but one where the life expectancy is two years or less due to some serious medical issue, such as stage 4 cancer for example.   

Pros: Large market; known returns; not affected by market forces like economy, interest rates, politics or any other factor that moves the market, easy to understand and easy to execute.  Great returns.

Cons: Not insured. Very high risk. Steep learning curve. Time-consuming (for many investors, this is a full-time job).

3. Cryptocurrency

Money is an interesting concept. At one time, currencies like the dollar represented a certain amount of gold or silver that was stored somewhere, but that’s no longer the case. Today, currency is worth whatever everyone agrees it is worth on a given day, and the whole system is mostly imaginary. For the most part, currency isn’t even represented by paper or coins any more; it exists only as a number on a computer in your bank account or credit card balance.

Cryptocurrency is different from other currency in two …

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