This is a Reader Question in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured on a future blog post. If you're not familiar with Dave Ramsey's book, you should run right out and get it. It is one of my top ten best personal finance books that everyone should read. Now...on to our reader's question. This … [Read more...] about Reader’s Question: Should You Invest Emergency Fund in Mutual Funds?
Mutual Funds
Where Should A New Investor Put $1,000 To Work In The Market?
I asked 12 of the best personal finance bloggers and money experts best way to invest money to get an idea of where to start investing. "What is the best way to invest money for a brand new investor? Where should a brand new investor put $1,000 to work in the market?" And, I was not disappointed by their answers. Here are what they said... The Best Way to Invest Money for a New Stock Investor J Money from Budgets Are Sexy - It's always hard to advise someone the best way to invest money without knowing them at all or their … [Read more...] about Where Should A New Investor Put $1,000 To Work In The Market?
The Beginner’s Guide – How to Find a Mutual Fund That’s Right for You
There are tens of thousands of mutual funds out there for investors to choose from. It is very intimidating for new beginner investors to learn how to find a mutual fund that is right for you and your financial goals. Where do you go to start looking for the right mutual funds to invest in? What are some of the characteristics that you should look for when determining how to find a mutual fund? Below are some of the things that you should consider when learning how to find a mutual fund that best fits your needs. Where To Start Finding … [Read more...] about The Beginner’s Guide – How to Find a Mutual Fund That’s Right for You
What Is Dollar Cost Averaging? – Advantages and Drawbacks
Dollar cost averaging is a well established, tested, and extremely reliable approach to accumulate wealth. An investor who wants to put a lump sum of money into the stock market or mutual funds is wise to invest the money over a period of time in equal installments in order to avoid the devastating effect of a drop in the stock or mutual fund's share price immediately after investing a single, lump-sum investment. What Is Dollar Cost Averaging? Dollar cost average, or DCA, involves buying the same dollar amount of an investment at … [Read more...] about What Is Dollar Cost Averaging? – Advantages and Drawbacks