Investing and finance is a serious field in today’s world, and the right investment choices can lead to a very prosperous future. Look towards none other than Warren Buffett for a true example of how this can work.
As of now, Warren Buffett has put up $1 million for charity under the condition that he can achieve a better investment return than than other hedge fund managers by just taking an investment in an S&P 500 index fund. Chances are good that Buffett will win this time around, however doing things this way has just as many drawbacks as it does benefits. One such problem that can occur involves mutual funds, and consumers need to be careful because many of them only dish out average to very poor results, mainly because of having to pay extra fees and excessive trading. As a result the risks can sometimes outweigh the rewards because the costs are too high.
Timothy Armour is both the chairman and CEO of a company called the Capital Group, which is one of the largest investment managers in the world. Before getting into the Capital Group, he attended Middlebury College and earned a bachelor’s degree in economics before moving on to bigger goals. After this he started off working as for The Associates Program in Capital.