Secret Finance

Yardbird asked:


I keep reading on morningstar and other finance sites about how “such and such a mutual fund is getting too bloated with assets,” and that this is especially a problem for funds that focus on small-cap stocks. And I see that Vanguard and many other companies have closed funds to new investors–even Vanguard’s Windsor II, which focuses on huge corporations, has restricted new investors. Let’s say a mutual fund purchases more that 50% of a company, why is that bad? Isn’t that what Warren Buffet’s Berkshire Hathaway does?

ratmforever asked:


Is it wise to invest in different mutual fund companies or just one company for maximum returns? My reason is that in case Company A fails, I still have a backup with other companies.

What is your opinion on this, will it matter if I invest in different companies? What are the chances that a mutual fund company will actually fail/close?
About diversification: isn’t mutual funds already in itself diversification?

michaelblog asked:


I am the beneficiary of my father’s mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?

audidriver79 asked:


I have some settlement money (about $28K) that I would like to invest. Everyone tells me to put it in a mutual fund. Can someone explain to me what exactly a mutual fund is? Will I be able to cash it out whenever, or do I have to keep it in for a certain number of years? Can I buy a mutual fund through Scottrade? What’s the best mutual fund?

sanko asked:


(Q1)
Everybody talks about investing money in Mutual Fund.
suppose, you want to invest some money in Mutual Fund (CLOSE ENDED for 3 years say) (say in HDFC Tax saving Mutual Fund).

How you will be paid your return after 3 years ?

does the Mutual Fund company AUTOMATICALLY sends your profit(if any) by cheque to your home address ?

who pays the return(profit) ? i am confused, how one will get the return(profit) ?

(Q2)
Now suppose,

suppose, you want to invest some money in Mutual Fund (OPEN ENDED i.e you can withdraw money at any time…right ?) .

now, say you want to discontinue after 3 Months.

what you have to do ? i have read …you have to “sell the Mutual Fund” ….but selling to whom ? how do i get the customer to sell?

is it necessary to sell ?

if i dont sell but want to withdraw what will happen ?

very much confused.
——————————————-
can you please clarify my some more doubts ?

which is better mode of investment ?

(1)with dividend or without dividend ?
(2)close ended or open ended ?
————————————–

i have also read a fact , that suppose you invested some mone to a MF fund company. but the MF company ruined and could not survive….thats means, you are not getting any profit…right ? your money is gone….correct ?

well ok….but the most stunning fact and dangerous thing i have read is that you have to sell your furnitures,TVs,Computers and other household things to pay off the MF company . because , they say,…you too have the liability as the company ruins so you also ruin.

is this fact true ?

chillair23 asked:


I just realized that I contributed $1000 to ROTH IRA for 2007, but I also contributed $4000 to Traditional IRA. I assume it is not ok, but I don’t know what I should do now. I don’t think it will affect my refund, but do I still need to file corrections? Thanks for any help!

va_girl asked:


I opened a money markey IRA, and was going to converit it to a Roth IRA (im 23) and have rolled my $3,500 from my 401K into my new IRA. When will I have to pay taxes on my $3,500 and when will I pay taxes on my new contributions? Im not sure if I should keep the money market, or change to the Roth. Thanks!

jennifer asked:


I am just starting out in my career (26 years old). My company does not offer any retirement or 401k plans. I just did my taxes and realized I can get an extra $925 back on my refund if I contribute $3500 to a traditional IRA. I have decided I can afford to and should make this size contribution for last year to some sort of IRA. Should I contribute to the ROTH IRA and get the tax benefit when I retire or the traditional IRA and get the benefit now?

JE asked:


What is the difference between a Roth IRA and a Roth IRA term cd? Does the Roth Cd act like a regular cd but with tax free interest? When the Roth CD term is up, do I have to roll it over into another Roth Ira cd? If I end the Roth Cd at the end of the term, is there a penalty?

Mr X asked:


wtf are the ira uyp to with all the bombs they did on england??do you notice the british army are vonly fighting cos dey get paid but the ira dso it for free??where would ireland be without england?they speak english, use english shops and support english football teams what they arwe doing is so hypocritical it unreal!!even the ones not in the ira pretend to hate england to be cool