Power
Lunch w/Bill Griffeth
* General Advice from the Amateur Investor for the Amateur Investor *
Keep it simple. The unstability in the market may scare away some investors,
while tempting others. But the path to wealth is still the same as it always has
been... identify your goals, select investment vehicles that are appropriate for
your goals, allow compounding to work its magic.
One mutual fund family, which I believe is often ignored, is the
Columbia Funds . They have
a solid reputation and good managers. If you want a creative, value-oriented
approach with intensive research and low expenses...maybe you should check them
out. Of course, Vanguard Funds is the
king of index funds, and indexing is a very good methodology for individual
investors.
Another really nice investing method for the small investor is the Dividend
Reinvestment Plan (DRIPs). These plans allow individuals to buy stock directly
from a company with very low fees. Three really good sites with information about
this method are... NetStockDirect.com ,
The Drip Advisor
and Drip Central .
As with the Theory Of Relativity, most are familiar with the term
compounding,
but don't realize its astounding results.
-- Albert Einstein on the effect of compound interest over time
Here are some sites on Personal Finance:
Here are some Institutional sites:
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