Managing a windfall or inheritance may seem to be a real challenge. Investing a large sum of money doesn’t have to be difficult though. Investing $10K in 2015: Invest Your Windfall for Success can help you manage that lump sum.
This book is beneficial to novice investors as well as more experienced investors. One important point the book makes is that it is good to take some time and consider what you want to accomplish with this money. Emotions are often high when a lump sum of money is first received. Emotional investing can cause mistakes. That is why it pays to park the money in a safe place and design a plan for your money.
Investing $10K in 2015 will teach your how to design an investing plan. Just as you wouldn’t take a road trip without a map or GPS, you shouldn’t invest without a plan. A plan helps you to know what goals you are wanting and needing to meet. It helps you to choose the right investments to meet those goals.
There are chapters that cover the basics of investing as well. Clear-cut and straightforward language explains stocks and bonds, plus mutual funds and index funds. These topics will give the reader a better understanding of what types of investments they may choose. There are topics on how to choose mutual funds as well.
One important aspect to investing is keeping costs low. Investing $10K in 2015 explains the reasons why costs and fees matter and how to avoid them. Index funds and ETFs are just some ways to avoid fees. The benefits of each are explained in their own chapters.
Finally, the book explains how to build a simple portfolio. It offers suggestions on the types of investments to choose and how to allocate your money. Asset allocation is one important part of setting up a well-balanced and profitable portfolio. It isn’t hard to set up a portfolio that is easy to maintain in our busy world.
Rising interest rates will be a concern for 2015. The book explains some ways to weather rising rates as well as investing opportunities for 2015. A well-balanced portfolio is important throughout your financial life. Small changes in the portfolio can take advantage of market changes and prove profitable.
Investing $10K in 2015 is the updated version of Investing $10K in 2014. It has additional information to help you succeed in investing this year. It can help you turn that lump sum into an investing advantage. That way, you can reach your financial dreams.
Kindle Edition: Investing $10K in 2015: Invest Your Windfall for Success