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Some individuals might find Rap really annoying. Some can’t seem to connect with their sound, their tune and more so the way they deliver the words and their lines. Truth be told, I’m not really a fan. There are some Rap music out there that I strongly disagree in terms of message and lyrics. However, there are but a few that are deemed goldmines. There are still great Raps out there that we can relate with personal finance.
A good example of which is Busta Rhymes’ Dangerous. Now don’t
get fooled with the title. There is that line that really strike me and timely
as well to investors like us.
Floss a lil', invest
up in a mutual fund
See even Busta Rhymes agree that investing in a mutual fund
is appropriate nowadays. After all, mutual fund is one key investment to make
us financially dangerous in a good way.
So what is a mutual fund?
According to Investopedia
“An investment vehicle that is made up of a pool of funds
collected from many investors for the purpose of investing in securities such
as stocks, bonds, money market instruments and similar assets. Mutual funds are
operated by money managers, who invest the fund's capital and attempt to
produce capital gains and income for the fund's investors. A mutual fund's
portfolio is structured and maintained to match the investment objectives
stated in its prospectus.”
In here, your money is collected alongside with the other
money of varied investors. And the fund manager would then be the one
responsible to identify where to invest your money. Most of the time, they are
investing it in the stock market, treasury bills and other related investments.
If you are relatively new to investing, it would be wise
that you get to try mutual fund first. You see you will have confidence with your
money especially when someone responsible and intelligent would be the one
taking care of your hard earned cash. Plus, you don’t need to do the trading. Everything
is done by the fund manager. Though there is that certain percentage that you
need to give to them however it is very minimal as compared to your possible
gains.
Different banks provide varied mutual funds that would be
dependent on your need and also your risk appetite. To get you started, it
would be best to go to your preferred bank and ask their wide array of mutual
fund investments. Even more, opening a mutual fund account is relatively low.
You can open as small as 1,000. Plus, you will be able to see how your money
grows and keep track of your investment.
See, even a Rap song is suggesting you open a mutual fund. The
best time to invest is now. With that said, if you want to invest with greater
returns for your money, try opening up a mutual fund Yo!
P.S. To those doing the 52 Week Money Challenge and 52 Week Money Challenge Version 2, it is Week 20 already! Did you deposit the next amount yet?
P.P.S Want to know more about investing, savings, stock market and more, check out my reference here. You can download free ebooks and resources too.