I’m pleased to announce the my new mini-book, Mutual Fund Sample Portfolios. Many times people are told to invest, but really don’t know how to select the funds for that portfolio. Wouldn’t it be great to have examples to look at for guidance that you could tweak and adjust for your own personal needs? This new e-book provides sample portfolios for goals like investing for retirement, saving for college, or saving up for an expense like a big vacation or a new pool. More than that, for long-range goals the methodology to manage that portfolio and adjust things as you get nearer to the goal is explained. For example, what to do when you first start a 401k, then what to do when you are 20, 10, and two years out from retiring and needing to use the money. And at only about 40 printed pages in length, it is something you could read through in a couple of hours, then refer back to as needed.
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Outgrowth from Investing to Win
Now, I didn’t plan to write a mini-book at this time. I’ve been busy editing my new investing book, Investing to Win, which will be book two in The SmallIvy Guide to Investing series. But one of the chapters, the one on mutual fund investing, was way too long at over 100 pages. It was all great material, however, so I wanted to get it out there for people to use. That’s when I decided to release it as it’s own mini-book. I therefore took all of that great material with the sample portfolios and added a chapter on the process of starting a mutual fund portfolio and then a chapter on how to manage your psychology – to control your greed and fear – since that is the reason many people don’t achieve the returns they should when investing.
So, what’s in it?
The book begins with a chapter on the strategy for building a mutual fund portfolio. It discusses the process of building up a library of funds to choose from, then selecting funds from that library and determining how much you should allocate to each. The second chapter then goes through specific examples of mutual fund portfolios you could use for several different types of goals. These range from long-term investing like in a 401k account to developing a portfolio to generate current income or one to save up for a big expense. For each example details on the reason it is built the way it is are given. The goal is to give the reader the knowledge to build his/her own portfolio rather than just say, “Do this.” with no explanation of why.
The last chapter then talks about how to get started and then manage your portfolio. The big emphasis there is how to control your actions and stick with the plan. Most people do not make anywhere near the market returns because they sabotage themselves when they get greedy or fearful. Ways to combat these emotions are given.
So, who is this book for?
Certainly if your brand new to investing, this book is for you. It would be a great guide for human resource managers to distribute to their employees along with their 401k materials. It is also a great resource for experienced investors who want to be better investors. If you’ve been investing for five or ten (or twenty) years in a 401k and it just isn’t getting the returns it should (around 10% annualized), maybe it’s time to look at your investment allocations and behaviors. The sample portfolios and strategies this mini-book may be just what you need to maximize your returns.
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Disclaimer: This blog is not meant to give financial planning or tax advice. It gives general information on investment strategy, picking stocks, and generally managing money to build wealth. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. Tax advice should be sought from a CPA. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.