Why Financial Goals for Newbie Investors Should Include Mutual Funds

Are you a newbie investor?  Did you finally save up a little bit of money and you want to try to grow it?  Did you think to yourself; 'If Warren buffet can do it, you can too!'?  Investing in mutual funds is a good start to begin your investment journey, as opposed to investing in specific stocks. 

DID YOU KNOW?

• "More than 7,000 mutual funds trade in the United States alone, which is actually greater than the number of stocks traded domestically."  (Quote Source)
• "Many mutual funds are index funds (which are tied to a specific industry) so if you passionately believe in a certain sector of the market, there’s probably a mutual fund that’s made for you."  (Quote Source)

In USA, you can start with a minimum initial investment of $500 and then build on that.

(NOTE:  This is NOT professional financial advice.  These re just notes I gathered because I am interested in learning more.)

Here are articles to start educating yourself.

What Is the Minimum Amount of Money That I Can Invest In a Mutual Fund? 

6 Things to Know Before Investing in Mutual Funds 

How to Invest in Cryptocurrency Mutual Funds | The Motley Fool 

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IMPORTANT NOTES:

• Can you buy mutual funds outside of the US? “Because foreign jurisdictions are unable to regulate investment funds that are not registered in their jurisdiction, most prohibit the sale of foreign [including US] mutual funds to residents living in their countries. ...”  ~ More details: Financial & Investment Information | Washington, DC 

• Can you invest in mutual funds of other countries?  “Investing in international mutual funds is the same as investing in any other equity mutual fund. The money is invested in rupees and in return units of the funds are allocated to investors. The fund manager takes the money and invests them in the stocks of companies that are listed on exchanges outside of India. ...” ~ More details:  What Are International Mutual Funds, Its Types & Advantages | ET Money 

• “Foreign investors who want to buy mutual funds and have U.S. addresses, many fund companies will require only that the investor also supply IRS Form W-8BEN, which certifies the foreign status of the beneficial owner of the mutual fund account. ...” ~ More details:  Can Foreign Investors Buy U.S. Mutual Funds? | The MotleyFool 

Newbie Investors Should Explore Mutual Funds (Including Crypto Mutual Funds) https://t.co/CCbXCEzuMX

— cryptocurrency_nooze (@cryptoCCnooze) February 12, 2023

Original source

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