"Mutual funds are for everyone. No matter how much money you have to invest, you can start investing in mutual funds today."
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"How to fund child's education using mutual funds": www.moneycontrol.com
With the rising cost of education parents need to invest into instruments that can yield the expected returns.
Stocks or equities are known to create wealth in the longterm.
However, given the volatile nature of this asset class, investors may consider participating in the markets via mutual funds.
An advantage of mutual funds is that they are managed by professionals and are diversified across stocks and sectors.
While creating a portfolio for their children, parents should consider the following:
• If the college enrolment is less than 5 years away, the portfolio should consist of debt and balanced funds
• If the college education is more than 5 years away, a more aggressive portfolio consisting of equity funds and a balanced fund may be ideal, to get some flavour of fixed income.
•With more than 10 years on hand, consider equity funds.
Investing comes with risk; seek professional advice.
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