1st response ?The concepts from chapters 12 and 13 are important to my personal finances because they show me di

 1st response  The concepts from chapters 12 and 13 are important to my personal finances because they show me different ways that I can invest and the different options to choose from so that it will better benefit me in the long term. I would need to know more about this so that I can make better informed decisions about the type of investments I make. I would choose to invest some of my retirement in stocks and put the remaining into an interest building savings account/ By doing this I give myself room from growth and profit in both areas. The advantages of investing in mutual funds are that you will have a professional money manager handling things as well as multiple investors so all of the risk is not on you. The type of investment company that offers mutual funds that would most appeal to me would be the companies that have shown consistent profits with very little loss as well as have a large number of investors so that the risk would be minimized.
2nd  

1. How might these concepts from Chapters 12 and 13 be important to your personal finances? Why would you want to know more about this? This week chapter 12&13 reading is focused and one's finances. This is a topic that has been near and dear to me. I have always wanted to get a better understanding of different retirement plans and personal savings that would position me toward a secure financial future . I have learned a lot this week , these topics are areas I have always wanted to know about , particularly in the area of stocks and bonds . I had very limited knowledge in dealing with stocks however I had an account that I used to invest with . I got that account because everyone was saying how good investing in stocks is , got the stocks but didn’t know much about them . After this week I feel a little better and my confidence has increased in this area .
2. How would you choose to invest your retirement savings (stocks, bonds, mutual funds, other)? Why did you choose that option(s)? There are a lot of different options that one could choose from but for me Personally two of the investment forms that I would choose is mutual fund and bond option . The reason for this is these are the two most secure options . These two investments have proven to be two of the most secure , I was introduced to a mutual fund years ago and I did take advantage of that investment . I fell in love with it because there was little to no risk . They basically take the investors money and invest it into secure accounts such as stocks ,bonds etc .
3. What are the advantages of investing in mutual funds? There are many advantages of having a mutual fund , this is something that I have been looking into for years . I was attracted to this years ago when I was in Jamaica and in college I was taking a business class and I was introduced to this . A mutual fund is basically a investment company pulling money from different investor and investing their monies into different secure policies such as bonds etc . I did make an investment years ago in Jamaica in something similar to this , I invested a portion of my savings while in college into that account , they then take my money and invest it In secure investment and then I get the interest in a separate account , also that investment has been fixed and I can’t touch it for a certain years . There are many different advantages of a mutual funds which I have found they are :

• Diversification .
• Sharing of expenses interest etc
• They make it easy to invest in specialized market stocks .
• Easy to access to ones account .
• Simplified portfolio management.
• Access to money managers.