Investing in an US-based Mutual Fund is not an easy task. An investor has to do a lot of research before putting in his or her money. You can buy a mutual fund, which has no load at all by contacting the fund companies directly. There are other mutual funds available in the market, which can only be purchased after paying a load in the form of commissions and fees.
Before you buy, you should always understand the meaning of Net Asset Value (NAV). NAV is nothing but the difference between Net Assets and Net Liabilities. This value changes on a daily basis, since the fund holdings and the outstanding shares changes on a daily basis.
Also one has to consider the risk tolerance. You should be able to know the kind of fund you want to invest in. Every fund has a different portfolio structure in terms of the ratio of equity and debt.
One of the best investment options in USA is residential housing. It has not only kept pace with inflation but has also appreciated an average of 4% annually. Make the ownership of your house, the first thing in your investment priority list. Rental properties are also quite logical investment options. However, become a landlord only if you have a strong personality. A really good thing about rental properties is that in most areas the initial investment is not that large.
Mutual funds are also a great investment option. They are great because they allow minor incremental investments, have professional management of investment and shifting of funds through different investment assets offer flexibility.
Credit Cards have brought in a revolution to the retail business over the years. As helpful as it might sound or be, it has more than often negatively impacted the customers. Often customers don’t understand the interest rates and calculation rules of a credit card and tend to swipe it as and when possible. This can be very harmful, in case there is a problem in terms of payoff during the pay date. A credit card user should never make a delayed payment, as it might hamper his or her credit rating. One should be very careful while carrying their cards, as misplacing them might lead to misuse. The secure password, which is required to do online transaction, should never be shared with anyone for security purpose. One should never write down their credit card details anywhere as it can go to the wrong hands and be used up. Credit card should be treated with utmost care!