Los Fondos de inversión

El Plan de Retiro del Fondo inversión para Construir la Riqueza a Largo Plazo

Adidas Wilson, Jose Saul Agis Garcia

• Editorial: Adidas Wilson
• Año: 2019
• ISBN:
  9781071504703
• Categoría: Economics
• Categoría: Monetary Policy

el Autor nos indica, nos guía a través del presente libro cómo aprender a invertir en la bolsa por medio de los Fondos Mutualistas; para la mayoría de las personas este es un tema completamente desconocido y nada mejor que leer Los Fondos Mutualistas de Adidas Wilson, quien se ha dedicado a investigar cuáles son las rutas más apropiadas y fáciles de entender para llevar a cabo tales inversiones por aquellas personas que son nuevas en este campo de las inversiones.

Chapter 1

Money Market Fund

A money market fund is a type of mutual fund. It focuses on investing in high liquid cash securities with high credit ratings. It is also known as a money market mutual fund. These funds mainly invest in debt-based securities with a short-term maturity (less than 13 months). Money market funds issue shares and are obligated to follow guidelines made up by the local regulators. When you look at their key features, money market funds are like any other mutual fund. However, there is one major difference. It aims at maintaining a net asset value of $1 per share. Investors receive any excess earnings in form of dividend payments. The investors are free to redeem or buy money market fund shares through banks, brokerage firms and mutual funds. Money market mutual funds are popular for a few reasons, one of the main ones being the requirement to maintain $1 net asset value. Fund managers are forced to pay the fund investors regularly and this offers the investors a regular flow of income. It also simplifies the process of tracking and calculating the net gains that the fund generates. A money market fund may drop below the $1 NAV occasionally—this condition is called “breaking the buck”. It is brought on by the failure of the money market fund investment income to exceed investment losses or operating expenses. If the fund uses excess leverage, it may lead to capital risk and consequently, breaking the buck. When this happens, regulators must jump in and force liquidation. The first instance of breaking the buck was witnessed in 1994. Cases of breaking the buck are not common. There was a crisis in 2008 that saw the SEC draft new rules to improve the management of money market funds and offer more resilience and stability. The following debt-based financial instruments are great for a money market fund investment:

• U.S treasuries
• Repurchase agreements
• Commercial paper
• Certificates of deposit (CDs)
• Bankers’ acceptances

Applicable interest rates determine these instruments’ returns.

Types of Money Market Funds

They are classified into different types depending on maturity period, invested assets and other attributes. Prime money fund: this type of fund invests in commercial paper of non-treasury assets and floating-rate debt. Government money fund: 99.5% of its total assets are invested in government securities, repurchase agreements (fully collateralized by governments, securities, or cash). Treasury fund: this one is a variation of government money fund and focuses on investing in standard U.S treasury issued debt securities. Tax-exempt money fund: fund investors are exempted from the U.S federal income tax. The exemption may also apply, to some extent, to state income taxes. Money market funds were developed in the U.S in the early ‘70s. They quickly became popular because they made it easy for investors to buy a high-return pool of securities. Their popularity has been growing rapidly and today, they hold an estimated $3 trillion in assets. The SEC oversees money market funds in the U.S. It is responsible for drafting guidelines concerning the attributes and operations of a money market fund.

Chapter 2

How to Invest in Mutual Funds

A new mutual funds investor must decide between passive or active management, stick to a plan, understand fees and choose where to buy funds. Would you like to mimic the market or try and beat it? This is not a difficult decision to make. One approach is more expensive than the other and does not necessarily offer better results. Actively managed funds are those that are managed by professional managers. These managers research and buy with a goal of beating the market. There are fund managers that have done this successfully over the short term. However, it is not easy to outperform the market regularly over the long term. Because of the involved human touch, these funds cost more. Passive investing is simpler and often delivers better results. Many people opt for passive investing because there are fewer fees involved and it is cheaper. The index fund is the most common passive investment. Patience pays; have this in mind when considering your budget. To be on the safe side, make sure that you can leave the amount you have decided untouched for five years or more. These questions should help you as you come up with a budget: How much do you need to begin? Mutual fund providers always have a minimum amount set. It is the least amount you can open an account with and start investing. Other brokers have not set a minimum amount while for others it could be anywhere from $500 to $3000.

How should you invest the money? What should you settle on as your initial mix of funds? Older investors should not ride out risky bets because they are closer to retirement age. Stocks require that you have a brokerage account, but mutual funds give several options. If you contribute to a 401(k) or any other employer-sponsored retirement account, you are probably already investing in mutual funds. Another alternative is to purchase the fund directly from the company that created it such as BlackRock Funds or Vanguard. A wise idea would be to look for an online brokerage and buy from them. Many of them offer a wide selection of mutual funds. If you opt for a broker, consider the following:

• Fund choices
• Affordability
• Educational and research tools
• Ease of use

Understand and Analyze Fees

Active vs Passive: actively managed accounts offers great services, but the cost is also high.

Regardless, companies charge you an annual fund management fee, among other costs related to running the fund. This fee is usually a percentage of your invested cash and is called the expense ratio. It is difficult to determine these fees upfront, but you should at least try to understand them because they can greatly reduce your returns over time. Mutual funds do not usually have commissions, but transaction fees may be involved. There is also a sales load. After determining your preferred mutual funds, start thinking about managing your investment. It would be wise to rebalance your portfolio yearly so that you can keep it in line with your plan of diversification. Another thing is, try to stick to a plan and do not chase performance. Always remember that, “past performance is not guarantee of future performance.”

Chapter 3

Mutual Funds: Picking a Mutual Fund

When it comes to choosing mutual funds for your investment portfolio, you have so many options and this can be overwhelming. Every investor’s situation is different, but it is always a wise decision to go with funds whose investment strategy you understand and those that are compatible with your portfolio. Another good idea is to be up to par on the fees you must pay and the overall quality of the fund. Before you start buying shares, consider your reasons for investing. Do you have financial goals? Are you looking for a current income or long-term capital gains? When you have clear goals, it becomes easier to choose the right fund to help you achieve that goal. For instance, money market funds are the best for short-term goals. Bond funds are great for goals to be achieved in a few years. If your goals are long-term, stock funds may suit you just fine. Another thing to consider is risk tolerance. Will you be okay will dramatic swings or are you looking for a conservative investment? For the former, stock funds may be a better choice for you while for the latter, you may want to investigate bond funds. You should also ask yourself this question, “do you care more about outperforming the benchmark index of your fund or does your investments’ cost matter more?” Index funds are the way to go if you answered, “cost”. Finally, consider the amount you have available for investing, how you should invest it and taxes. The internet makes it so easy to find funds. Most mutual fund companies now have websites and you can always Google search a specific fund family or fund. If you still have not decided on a fund company, search for specific terms based on your preferences.

There are many online services that will help you identify different possibilities.

• Kiplinger and Morningstar
• LipperLeaders
• MAXFunds
• FundReveal

Brokerages are also great sources of information and they offer guides. You can buy mutual funds through financial planners, banks, a broker, or insurance agents. You will be required to pay a load (commission fee). Some companies allow you to buy their mutual funds directly from them—most no-load funds are bought directly. You can buy no-load funds from broke...

Índice

• Título
• Derechos de Autor
• Derechos de Autor
• Los Fondos de inversión
• Table of Contents
• Introduction
• Chapter 1 | Money Market Fund
• Chapter 2 | How to Invest in Mutual Funds
• Chapter 3 | Mutual Funds: Picking a Mutual Fund
• Chapter 4 | When to Sell a Mutual Fund
• Chapter 5 | Mistakes to Avoid When Choosing Mutual Funds
• Chapter 6 | Mutual Funds: The Costs
• Chapter 7 | How to Buy Mutual Funds Online
• Chapter 8 | Different Types of Funds
• Chapter 9 | Bond Funds to Buy for the Long Term
• Chapter 10 | Compound Interest
• Chapter 11 | Net Asset Value – NAV
• Chapter 12 | Building a Profitable Portfolio
• Chapter 13 | Invest in Small-Cap Stocks
• Chapter 14 | Exchange Traded Funds
• Chapter 15 | Fidelity Funds to Buy
• Chapter 16 | Vanguard Funds to Hold for the Long-Term
• Conclusion
• References
• Negación de Responsabilidad
• Tabla de Contenidos
• Capítulo 1 | Fondo del Mercado Bursátil o Monetario
• Capítulo  2 | ¿Cómo invertir en los fondos de inversión mutualistas?
• Capítulo 3 | Los Fondos de Inversión Mutualistas: Escogiendo un Fondo de Inversión Mutualista
• Capítulo  4 | ¿Cuándo vender un fondo de inversión mutualista?
• Capítulo  5 | Errores que se deben evitar al escoger un Fondo de Inversión Mutualista
• Capítulo 6 | Fondos Mutualistas: Los Costos
• Capítulo  7 | ¿Cómo Comprar Fondos Mutualistas en Línea?
• Capítulo 8 | Diferentes Tipos de Fondos
• Capítulo  9 | Fondos De Bonos Para Comprar A Largo Plazo
• Capítulo  10 | Interés Compuesto
• Capítulo  11 | El Valor Neto de los Activos– NAV (por sus siglas en inglés)
• Capítulo 12 | Construyendo un Portafolio Rentable
• Capítulo  13 | Invierte En Acciones De Pequeña Capitalización
• Capítulo 14 | Fondos Cotizados En La Bolsa
• Capítulo  15 | ¿Qué Fondos de Fidelity Comprar?
• Capítulo  16 | ¿Qué Fondos de Vanguard se Deben Mantener a Largo Plazo?
• Conclusión
• Referencias