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anonymous | Should I buy mutual funds or invest on my own? |
I've been investing mutual funds from a bank (Bank of Montreal, a canadian bank) for a year... I hear that mutual funds charge high fees.
I do have some knowledge about stocks, because I watch business news quite often. But I am a little afraid to invest on my own because I've never done it before.
So, should i buy stocks on my own or should i keep purchasing mutual funds? What are the advantages and disadvantages? |
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muncie birder
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This is actually a very good question. The answer depends on a lot of things. For example how much time are you willing to devote to researching stocks? Are you apt to go into shell shock when you stocks looses 25% of their value? I am not familiar with Canadian law regarding investments. In the U S mutual funds have to distribute capital gains yearly on which we have to pay taxes. That is a big disadvantage of mutual funds. Whereas if you buy individual stocks are are investment grade, you do not have to pay taxes until you sell them.
A good approach is to invest some in mutual funds and some into direct company investments provided you do not get the urge to dump too much into speculative gold mining stocks, a perenial favorite of investors for some reason. |
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zyberianwarrior
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with regards to the feeds it all depends on the fund itself. If its a class a,b, or c then you are paying for the commissions to your broker (and yes they are high) the next important issue is the expense ratio the lower the better.
ETF's are cheaper in the long run but for the first time since I had both mutual funds and ETF EVER! The Mutual fund outperformed the ETF CWGFX +.51 to VEU -.13. Typically the etf wins but this is the first time I have seen the mutual fund win. |
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websavvyinvestor
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My answer for you is to get educated as you gradually commit funds to investing. For a beginning investor, the two best vehicles are mutual funds and exchange-traded funds. The funds trade stocks. Great funds are managed by great stock pickers.
Unfortunately, there are many bad funds, so you should focus your education on understanding how to pick the best ones. My answer to this is the Morningstar Premium Fund screener. It costs about $15/month, but allows you to build a search that finds funds that are offered by your broker, available for purchase, not leveraged, perform among the best, and--importantly, are not too volatile.
Next, you need to know when to sell funds. You don't want to blindly hold on when the market crashes the way it did between 2001 and 2003.
There's much to learn. See my reference. |
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mommanuke
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You don't say how old you are and that makes a difference. If you are fairly young, you can afford to take some risks, but if you are fifty or older, a good solid mutual fund is best. But there are a lot of no load mutual funds out there and you don't have to stay with the one you started with.
There are quite a few people down here who have formed their own mutual funds with a group of friends or acquaintances. Everyone contributes a certain amount and the stocks are chosen by group agreement. If you have some friends with some stock expertise, you could try that if you're young.
But mostly it depends on what kind of person you are. Are you comfortable taking risks? Or will you spend hours biting your nails off? Risk takers go out on their own. Safe people go with mutual funds or brokerage houses. |
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euchre_king_03
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If you aren't happy with how your funds are perfmorming, try investing in ETFs that you think will do well. Studies have shown that mutual fund managers will not beat the market in the long run.
If you want to try investing in stocks on your own, put 75% of your portfolio in diversified ETFs (or mutual funds) and try your hand in picking stocks with the other 25%.
I have been doing this for years with great results. |
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manto
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buy MF
You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
Since the prices of the stocks, bonds, and other securities held by the mutual fund vary, the value of the fund changes. The average value of every share of the mutual fund is fixed daily based on the total value of the underlying securities held by the fund. |
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DebtFree
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mutual funds are better. buying single stocks is risky, you can lose money if you don't know what you are doing.
look for growth stock mutual funds.. |
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bevrossg
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go to daveramsey.com He has information on what kind of mutual funds to buy without fees. |
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TG
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It depends on your goals. If you're looking to make long-term investments that will appreciate over time, there's no reason not to buy your own stocks. If you want to maximize short-term income, you're better off going with professionals. In either case, be sure to spread your investments across a number of stocks, and consider safe and tax-free investments such as municipal bonds as well. If you're comfortable with higher risk, you can earn the most in the shortest time through commodity and currency trading, but these are areas where you need real expertise. |
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jediguardian
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Its all about risk and return and time.
If you feel compotent enough doing a little research and development, you would have a good argument for doing the investing yourself. The downside is the time factor as this work may be very time-consuming. If you have the time, go for it. There are a lot of corporations that will allow you to buy/sell/trade on the internet.
A mutual fund does have associated costs involved. It really pays someone to do the R & D, buying and selling for you. The upside of the mutual fund is that there is virtually no time envolved on your end but you also have next to no control over what stocks the fund purchases.
In the final analysis...its your call based on risk, return, and time. |
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Bear
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You can do both if you want.
OR
Learn to trade..you have less risk than in a mutual fund
if you learn how.
You don't hold for long..you take profits when things go up
and you cut your losses when things go down.
Mutual funds have to keep investing in stocks....you don't!
You only buy when you see opportunity.
See the link below: |
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