Archive for March 2008

Another Completed Van Pay-Off Spectacular!

I am proud to see that Jeff Kapusta has completed his Van Pay-Off Spectacular!

Why not pay him a visit and leave him a big "CONGRATULATIONS!"?

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Choosing Mutual Funds – Part 3

Welcome to the latest series on JosephSangl.com – "Choosing Mutual Funds"

In this series, I will be sharing how I choose mutual funds.  It should be noted that I do not sell investment products nor am I professional in the mutual fund industry.  This is my own personal philosophy for choosing mutual funds.

Part One  What is a mutual fund?

Part Two  Establish investment goals

Part Three  Types of mutual funds

There are literally THOUSANDS of mutual funds available in the marketplace today.  Each mutual fund is usually assigned to a particular family of mutual funds.

Here are some common categories of mutual funds …

  • International Stock Fund
  • Aggressive Growth Stock Fund
  • Growth Stock Fund
  • Growth & Income Stock Fund
  • Equity-Income Fund
  • Balanced Fund
  • Bond Fund
  • Value Fund
  • Industry-Specific Funds (like Healthcare Fund or Pharmaceutical Fund)
  • Index Funds (S&P 500, Russell 2000, etc.)

If you purchase ownership in an International Stock Mutual Fund, you can bet that it is primarily investing in international companies.  If it is an Aggressive Growth Stock Mutual Fund, you would expect to see the mutual fund purchasing shares of companies that are growing like crazy.

Each family of funds has a general "feel" to it.  The International and Aggressive Growth Stock Mutual Funds tend to have wild swings in performance.  One year it could grow 40% and the next it could lose 25%.  It feels like you are on a great roller coaster ride at Six Flags!

Growth & Income, Equity-Income, and Balanced Funds are more stable and predictable.

Index Funds track specific market indexes like the S&P 500 and the Russell 2000.

In the next post, I will be sharing how to find mutual funds that meet your investment goals.

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My first book, "I Was Broke. Now I'm Not.", was released on January 20th.  It is available via PAYPAL or AMAZON or BORDERS.

Volume Discount: I Was Broke. Now I’m Not.

If you are looking to purchase a personal finance resource that you can hand out to others that you want to help, maybe a volume discount on I Was Broke. Now I'm Not. would interest you. 

Volume Discounts:

  • 10+ $12.00/book (20% OFF!)
  • Case Quantity 81 books $10.00/book (33.3% OFF!)  (Plus FREE Shipping!)

To purchase books at a volume discount, please contact me HERE.

By the way, I am in the process of writing home group study materials based on this book.  I am testing it out on my home group in April.  If everything goes well, I expect to have these materials available in July.

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Choosing Mutual Funds – Part 2

Welcome to the latest series on JosephSangl.com – "Choosing Mutual Funds"

In this series, I will be sharing how I choose mutual funds.  It should be noted that I do not sell investment products nor am I professional in the mutual fund industry.  This is my own personal philosophy for choosing mutual funds.

In Part One, I reviewed what a mutual fund is.

Part Two – Establish Investment Goals

My personal investment goals guide my mutual fund choices.  First you should know a couple of things about me.

  1. I view my investments as money that I will not touch for at least five years.
  2. I prefer mutual funds over individual company stocks.  I do own one individual company stock, but I will not allow an individual company stock to exceed 10% of my overall portfolio.

My investment goals are GROWTH, GROWTH, and more GROWTH.  I do not need my investments to produce income for me as I am in my early 30s.  I want my money to GROW.  This means that I invest in mutual funds that are purchasing stock of companies that are experiencing major growth (like Google).

Now, if I were retired, I would want my investments to produce income so I would be searching for mutual funds that invest in companies that are paying dividends to its shareholders (like Wal-Mart, Microsoft).

If I were approaching retirement, I would be moving the money that I would need in the next five years to much more stable and secure investments.

In the next part of this series, I will be reviewing the different types of mutual funds.  Knowing one's individual investment goals makes the selection of a mutual fund category much easier.

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My first book, "I Was Broke. Now I'm Not.", was released on January 20th.  It is available via PAYPAL or AMAZON or BORDERS.

Financial Freedom Experience – NewSpring Church

I am FIRED UP to be teaching the Financial Freedom Experience at NewSpring Church during all of the Tuesdays of April!

 

The five-week version of this class allows us to hold small group discussion after the lesson, and that is my favorite part of the class!  It is where the rubber meets the road, and we are able to learn from each others past successes and failures.

You can register HERE.

Class Details

  • Tuesdays in April (April 1, 8, 15, 22, & 29th)
  • 6:30PM – 8:30PM
  • NewSpring Church
  • Each attendee receives a FFE Manual
  • Each household receives a copy of I Was Broke. Now I'm Not.
  • $20/individual or $30/family

I look forward to seeing you there!

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