Archive for July 2010

Amazon Kindle – Joe Sangl’s Books Are Now Available!

Many of you have asked for this, so I am PUMPED to announce that my first two books are now available via the Amazon Kindle – the wireless ebook Reader.

AK

Here are the links to the “Kindle”-version of my books:

I’m PUMPED because this is yet another way that we can reach more people with our crusade “to help others accomplish far more than they ever thought possible with their personal finances.”

For those of you (like me) who still like the “analog” version of books, you can buy physical copies of any of our resources via our STORE – including our latest offering the DVD-based 6 Week I Was Broke. Now I’m Not. Group Study.

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The Mutual Fund Series: Franklin Templeton Investments

This is a continuation of The Mutual Fund Series here on JosephSangl.com.

During each part of this weekly series, we will be looking at a specific mutual fund company.

Today’s company is Franklin Templeton Investments.

FranklingTempleton

Franklin Templeton is a global organization known for frugal and conservative investment management. The company is based in San Mateo, CA and serves in more than 150 countries with offices in over 30 countries. They currently manage $586.8 billion in investments and the number of investments is continually growing.

What I Like About Franklin Templeton Investments

  • Stable History – Franklin Templeton was founded in 1947 and for 63 years it has maintained stability and success.
  • Diversification – Franklin Templeton Mutual Funds offers 11 types of mutual funds for investors: International, Global, Growth, Value, Blended, Hybrid, Sector, Asset Allocation, Fixed Income, Tax Free Income, and Money Funds.
  • Globalization – Franklin Templeton has offices in countries representing 84% of the World’s GDP and the company is the second-largest cross-border fund manager.
  • Strong Capital Management – Franklin Templeton has been given strong credit ratings with a stable outlook from both Standard & Poor’s (AA- / A-1+) and Moody’s (A1 / P-1). The company’s dividend has also increased every year since 1981.
  • Variety of Products and Services– Not only does Franklin Templeton offer mutual funds, they also offer 529 College Plans, Coverdell ESA’s, IRA’s (Roth and Traditional), and multiple online financial tools.
  • Easy Transfers – If an investor has a change in their investing objective, they can easily transfer from one fund to another, with little or no cost.

    What I Would Like To See Improved

    • Minimum Investment Required – Franklin Templeton’s minimum investment required is $1,000, which is lower than the previously mentioned Vanguard and Fidelity, yet it is still four times higher than a mutual fund from American Funds.
    • Charges and Fees – Franklin Templeton offers very few no-load mutual funds (shares sold without commissions or sales charges). About 82.4% of funds are load mutual funds and about 17.6% are no-load funds. A no-load mutual fund usually outperforms front-end load (when fees are charged at the time of purchase) and back-end load (when fees are charged at the time the mutual fund is sold) mutual funds.

      Franklin Templeton Mutual Funds I Own

      I do not currently own any Franklin Templeton mutual funds.

      Franklin Templeton Mutual Fund To Look At

      • Franklin Growth Fund [Ticker: FKGRX] – The Franklin Growth Fund primarily invests’ in common stocks, across a variety of industries. This fund has net assets of $2.4 billion with an annual fee expense ratio of 1.00% and an average annual return of 9.92% since inception.

      Read about other mutual fund companies

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      NOTE:   Clemson student Anna Briscoe, a senior majoring in Economics with a minor in Financial Management has been so gracious to research and write the majority of this post.

      Top 10 Visited Posts At JosephSangl.com

      I was looking over the visitor stats using Google Analytics the other day, and I thought it might be interesting to share the Top 10 Visited Posts for JosephSangl.com since January 2010.

      1. SERIES: How Do I Budget
      2. USA Today Snapshot – 4/30/2010 – Why Many Are B-R-O-K-E
      3. Eliminate Budget-Crushing Expenses
      4. SERIES: Eliminate The Mortgage
      5. I Am Passionate About Helping
      6. SERIES: How To Pay Off Debt
      7. Funny Money YouTube Video
      8. Budget Spending Money
      9. SERIES: Setting Financial Goals
      10. Miracle On The Way

      And I will throw in my FAVORITE post of the year – when I announced the arrival of Keaton Joseph Sangl – who arrived on February 6th – a whole ten years after big sister Melea brightened our world with her arrival!

      How Often Do You Update Your Budget?

      The most important action that helped me achieve financial freedom was preparing an INCOME – OUTGO = EXACTLY ZERO budget.

      The simple act of sitting down with my bride and planning our spending for the upcoming month is what allowed us to become debt-free in just 14 months and has allowed us to fund tons of dreams like giving a ton of money away and saving money for college, retirement, and vacations.

      Every single time that we sit down with an individual or couple in a financial counseling appointment, we work with them to prepare a budget.   For most, it is the first time in their lives that they have planned their spending out to the very last dollar.   When I meet with many of the counselees a few months later, I discover that they have failed to prepare another budget since the time that they left our last meeting   – and, guess what, they have not been able to maximize their money.

      It makes me want to ask the AWESOME readers of JosephSangl.com these two questions:

      1. How often do you prepare/update your spending plan?
      2. How well is your plan working?

      Let the conversation begin!

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      The Mutual Fund Series: Oppenheimer Funds

      This is a continuation of The Mutual Fund Series here on JosephSangl.com.

      During each part of this weekly series, we will be looking at a specific mutual fund company.

      Today’s company is Oppenheimer Funds.

      oppenheimer

      Oppenheimer Funds is an asset management company with headquarters in New York, NY, with $255 billion of currently managed assets. Founded in 1960, Oppenheimer Funds was affiliated with the brokerage firm Oppenheimer & Company, Inc. However, Oppenheimer Funds is now owned by Massachusetts Mutual Life Insurance Company (Mass Mutual) and has no corporate ties to Oppenheimer & Co., Inc. or Oppenheimer Capital.

      What I Like About Oppenheimer Funds

      • Diversification – Oppenheimer Funds offer 12 types of mutual funds for investors: global, growth, large growth, value, quantitative, portfolio solutions, taxable bond, municipal bond, specialty, money market, cash reserves and institutional. However, Oppenheimer Funds has become well-known for their niche with bond funds in the mutual bond market.
      • Variety of Products and Services – Oppenheimer Funds offer other products and services, such as IRA’s (Roth and Traditional), 403(b), 401(k), 529 college plans, and Coverdell ESA’s.
      • Award Winning Website – www.oppenheimerfunds.com was designated as Excellent by DALBAR in 2009 for the websites functionality and usability.

      What I Would Like To See Improved

      • Minimum Investment Required – The minimum investment for OppenheimerFunds is $1000, which is the same as Franklin Templeton: not as high as some mutual funds, but you could find it lower elsewhere.
      • Front-End Load Funds – Many of Oppenheimer Funds’ top rated mutual funds by Morningstar carry large front-end loads of 3.50% to 5.75%, which will start off your investment with a 3.50% to 5.75% LOSS! Even worse, only 8.7% of Oppenheimer Funds’ assets are no-load funds.
      • Fund Performance – Oppenheimer Funds owns several five-star and four-star mutual funds as of February 2009, which are excellent ratings; however, the company’s municipal and taxable bond funds have recently experienced poor performance.

      Oppenheimer Mutual Funds I Own

      I do not currently own any Oppenheimer mutual funds.

      Oppenheimer Mutual Fund To Look At

      • Oppenheimer Equity Fund Inc. [Ticker: OEQAX] – This mutual fund’s inception date was October 2, 1947 with a focus on investments in medium to large-capitalization companies. The fund has assets of $1.62 billion, an average annual return of 9.54% since inception, and an expense ratio of 1.03%.

      Read about other mutual fund companies

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      NOTE:   Clemson student Anna Briscoe, a senior majoring in Economics with a minor in Financial Management has been so gracious to research and write the majority of this post.