Through the last five blogs I have tried to present how investing in mutual funds which carry high fees will lower you retirement account losing a big part of your retirement funds at a critical time in life.
I also have pointed out that you must be very careful who advises you on what to buy as many financial advisers are selling you what makes them the most money and not you.
Today I want to give you a simple understanding of how the economy works for investing and what is happening in Europe which affects markets and the value of your retirement portfolio.
First is a 30 minute video called How the Economy Works (https://www.youtube.com/watch?v=PHe0bXAIuk0). This is by Ray Dalio.
Wikipedia describes Ray as follows "Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List.] According to Forbes, he is the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.
In 2013 Dalio began sharing his "investment secrets" and economic theories on YouTube via a 30 minute animated video which he narrates, called How The Economic Machine Works; the video has since been viewed over 1.5 million times, and has been translated and made available in Japanese, Chinese, Russian, Spanish, German, Italian and French.
Ray has averages 20% gains for his clients at Bridgewater for over 20 years. He uses this as his model for investing.
The second video is 12 minutes by Bloomberg news is called "The European Debt Crisis Visualized" This is also on You Tube at https://www.youtube.com/watch?v=C8xAXJx9WJ8
These videos will give you a good insight to what is going on in the world.
As always let us know your comment and topics you would like addressed..
No comments:
Post a Comment