How To Ditch Your Pricey Mutual Funds

By: Mark Seed (If you’d like to contribute to CBB please contact me.)   GET PERSONAL WITH YOUR INVESTMENTS SO YOU KNOW EVERYTHING   Over the last few months, I’ve received a few emails from readers that go like this… I’ve been with my investment company for over 10 years now. I’d like to stay with them because I like them but I keep hearing that high fund fees are bad for your portfolio. Is that true?  Should I switch? If so to what? I like your blog a lot and I’m envious about how you managed to get out of your high-cost mutual funds into low-cost Exchange Traded Funds and some stock investing. Where do I start? What should I think about?  Readers, I sense your frustration.  I’ve been there so I know how you feel.  I feel my biggest investing mistake to date was investing in pricey mutual funds for far too long. Insanity: doing the same thing over and over and expecting different results – Albert Einstein. Today’s post will share my background in investing, why pricey mutual funds will hurt your portfolio and what you can do about it.   My background and mutual funds 101   […]

Great investors know the best financial advisor is YOU

A Beginning Investors’ Story   Investing on your own can seem scary. The world of finance appears to be, at least in the beginning, a complex maze of numbers and movements, leaving new investors wary of going at it alone. I used to think of the finance world as a bunch of slick-haired Pat Riley types yelling ‘buy’ and ‘sell’ across a crowded room. Heck, even a stock ticker bar has confusing hints of the matrix if you don’t know what you are looking for. The good news is, becoming an investor isn’t half as scary as it seems with a bit of education and a splash of gumption. The really good news is that investing on your own can save you a ton of money over the course of your lifetime without adding additional risk. In a post-pension world there may not be anything more worthy of your time. So in this two-part series we will cover what investors need to know before they start, the 3 most important investment statistics, and 3 critical pitfalls to avoid, but first a quick story. When I began investing on my own I was only 13 and had yet to develop that […]