When Dave was younger, he learned a bit about finance but he soon realized he needed a professional to go to the next step.
In 1991 he bought 100 shares of Microsoft @ $47 a share and 11 months later he sold it at $78.
He made $3,100 in less than a year and proceeded to think he was a genius.
Unfortunately, that's not the whole story.
Listen in to this week's episode to learn from one of Dave's early investing mistakes. Learn now so you don't make the same mistake later!
In today's episode, you can learn all about choosing great mutual funds with Dave's step-by-step instructions.
He's going to show you the exact details you need to confidently select the right information and to choose great mutual funds that fit your particular life stage and needs.
When Dave did this exercise, he looked for "balanced" funds with good returns and average risks. In just a snap they showed 6 funds (from over 1000’s) and of those 6, it breaks those down even more.
Selecting the right mutual fund is not rocket science and just about anyone can make a reasonably good determination of what to buy.
Lastly, in this podcast, Dave shared resources you can use that are usually free and that will greatly assist you in your journey.
So now you know where the information is… it may now be time to take action and purchase your first Mutual Fund.
Questions for Review:
- What's holding you back from investing in your first mutual fund? Is it a lack of finances or lack of knowledge?
- Are you looking for a fund with higher risk with the potential for higher returns (over time) OR are you looking for a lower-risk option with steadier returns over time?
- What's one thing that you can do right now to get started in the mutual fund game?
The Verse from the Episode: "Trust in the LORD with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.” -Proverbs 3:5-6