In a previous post, I discussed what a mutual fund is. Today’s post describes another financial instrument, the ETF. ETF stands for Exchange Traded Fund. An ETF is very much like an index mutual fund, the kind of fund that buys into a market index rather than actively trying to outperform the market. There is(…)
The best thing about a good retirement plan like the one offered to employees of Johns Hopkins University is that we have a large number of ways in which we can invest our retirement money. But sometimes it seems as if that’s also the worst thing about the plan. There are so many choices that it’s(…)
People who invest often want to know how much money they will have when they actually need it. Unfortunately, it’s hard to calculate that in your head because of the compounding effect when an investment grows. Someone came up with “The Rule of 72.” This makes it a lot easier. Supposing you are 26 years old. You(…)