Tag Archive: finance

Mutual Funds Buy Cheaper

Investment savings is becoming increasingly popular. Whether the one-time a higher amount, or the continuous one SAVE MONEY – those who invest in the right mutual funds, has a longer duration in most cases a higher return than with a conservative banking system. But what are the right fund? Most people go to your bank can advise there and then buy their mutual funds there as well. This advice has its price. Investment funds are generally managed professionally and for this management called a management fee is calculated, which can vary depending on investment policy and the associated costs for research and management in equity funds, for example between 0.5% and 2% per year.

For bond funds, or even in passively aligned to an index fund, the fee is usually slightly lower. The biggest cost is the so-called fee, which moves in bond funds between 2% and 3%, and equity between 4% and 6% of the fixed sum. This Fee is in most cases completely to the intermediary, so the advisory bank, so that covers their consulting fees. Who can do without such advice and chooses its own funds, can buy at one purchase on a direct its funds with a discount on the fee and save you money. Even better is the direct purchase of the Fund over a free agent funds over the Internet. This does not include the fee for the most part entirely. The results for example in an equity fund with a 5% sales charge on an investment amount of 10,000 a saving of 500 !

Loans – Good Or Evil ?

Who has not, it starts over with a car dealer hp car or a nice flat and you think who that great if I could afford it but I can not find the wherewithal. Remedy as loans. These are lending money with an institution or a private person. The difference is mostly in the fact that you have to pay interest to the Institute, with a friend usually does not. When personal loan there are a lot of smaller sums.

However, if you at a bank or savings bank gets a loan must be repaid within such a period, plus the required interest. The repayment is done in monthly installments, which can be determined either by itself or be required by each institution. There are many types of loans, there would be one of the construction loan, car loan or personal loan. Even a hire-purchase is a form of the loan. There are of course other forms of credit, the most important have been mentioned. Pay attention to the consumer, however, at low interest rate which banks make promises like advertising. At Interest, a distinction between nominal interest rate and APR.

The latter is the one you really need to pay and is above the nominal rate. The banks, however, like to advertise with the nominal interest rate, then the surprise comes, however, only before making the signature. Reference should be trusted and reputable banks and savings banks always ask for the APR. As you can see is the topic of credit one thing for themselves. Make no mistake should be to consult an independent financial adviser or obtain at the Bank of confidence, the necessary information and thoroughly discussed.