Money Smart

Hello Friends, Ramadan Mubarak!!! How was your weekend? In my last post I said I was going to talk about mutual funds in my next post, but I haven't been able to post in a while, partly because of Ramadan, and partly because of work. However, I'm back to posting, and today's post will be centred around Mutual Funds. If you remember in my last post, I said that you don't need to have millions in order to invest, which is where mutual funds come in. Now let's talk Mutual Funds, What is a Mutual Fund? A mutual fund can be seen as a company that brings together a group of people and invests their money in stocks, bonds, and other investments. Each investors own shares which represent a portion of the holdings of the funds.          You can make money from a mutual funds in the following ways: Dividends if the funds invested in stock on your behalf, and Interests, if investment is in bonds. Capital gains: This occurs if the fund sells secur...

Hello Friends. Happy New Month. This is my first post in the new month, even though the month is almost half-way gone. I decided to change my writing pattern, as it seems, I don't write consistently on the day of the week, that I've chosen to be my 'writing day'. So I have decided to post as the spirit leads me. ***smiles*** Today, we will be talking about Investing. Recall that in my first post, I made a list of questions I asked friends and colleagues, and decided to post their replies, and my opinions as we progress.The questions we will be dealing with today are: Do you believe in investing? Do you have any investments? I had mixed feelings, when I got the reply to these questions. Infact my feelings/reaction were bitter-sweet. This happened because to a large extent, I absolutely loved people's answers to the first question, but their answers to the second question, had me 'hmmming' for lack of a better word. Most people believe ...