Summary of Mike Piper's Investing Made Simple , livre ebook

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15 pages

English

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Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 Index funds are a type of mutual fund that mimic the performance of a specific index. They are designed to simply reflect the value of a group of investments. There are indexes that track just about everything, and more are being created every year.
#2 Stocks, bonds, and mutual funds are all forms of investing. Stocks represent shares of ownership in a company. Bond investors seek to make money through the receipt of interest payments made by the borrower.
#3 A traditional IRA is an investment account with some additional benefits and restrictions. When you contribute money to a traditional IRA, you usually get a tax deduction for the amount of the contribution.
#4 There are restrictions on both the deduction you get for investing in your IRA and on your ability to withdraw money from your IRA. Any withdrawals before age 59½ will be subject to an extra 10 percent tax.

Sujets

Personal finance

Investment

Informations

Publié par	Everest Media LLC
Date de parution	01 avril 2022
Nombre de lectures	0
EAN13	9781669373315
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

Insights on Mike Piper's Investing Made Simple
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4
Insights from Chapter 1

#1

Index funds are a type of mutual fund that mimic the performance of a specific index. They are designed to simply reflect the value of a group of investments. There are indexes that track just about everything, and more are being created every year.

#2

Stocks, bonds, and mutual funds are all forms of investing. Stocks represent shares of ownership in a company. Bond investors seek to make money through the receipt of interest payments made by the borrower.

#3

A traditional IRA is an investment account with some additional benefits and restrictions. When you contribute money to a traditional IRA, you usually get a tax deduction for the amount of the contribution.

#4

There are restrictions on both the deduction you get for investing in your IRA and on your ability to withdraw money from your IRA. Any withdrawals before age 59½ will be subject to an extra 10 percent tax.

#5

401(k) accounts have higher contribution limits than IRAs. However, they also have two primary drawbacks. First, the investment options in your 401(k) are limited to a pre-selected group of mutual funds. And second, your 401(k) administrator may charge you an administrative fee in addition to the costs paid for the mutual funds.