A mutual fund is a professionally-managed investment fund that pools money from many investors to purchase securities like stocks, bonds, and other assets. The main benefits of mutual funds are professional management, diversification, liquidity, and flexibility. There are various types of mutual funds categorized by their primary investments, such as money market funds, bond funds, balanced funds, equity funds, and specialty funds. Different funds have different risk and return profiles. Performance is often measured using metrics like the Treynor measure, Sharpe ratio, Jensen model, and Fama model. Large investors tend to use measures based on systematic risk, while small investors are better suited to measures using total risk.
Mutual funds offer a convenient way to invest in a diversified portfolio of securities, managed by professional fund managers. However, before diving into the world of mutual funds, it is essential to understand the basics and learn how to manage the associated risks.
Mutual funds offer a convenient way to invest in a diversified portfolio of securities, managed by professional fund managers. However, before diving into the world of mutual funds, it is essential to understand the basics and learn how to manage the associated risks.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
3. What is a Mutual Fund?
• A mutual fund is a pool of money managed by a professional
money manager.
• The objective and the risk level are outlined in a document
called a prospectus. The prospectus provides detailed
guidelines for the types of investments the manager can
purchase.
• A mutual fund is also known as an open-ended investment fund,
which means the fund sells units (of this pool on money) upon
request.
4. What are the benefits of
purchasing a mutual fund?
1 Professional Management: The fund company hires talented
money managers who have many resources behind them
(including a team of people dedicated to researching, tracking,
determining trends, and doing thorough analysis), and who work
full time on your behalf.
2 Diversification: Lowers the risk because, regardless of the size
of your investment, each unit purchased is made up of many
different investments.
3 Liquidity: Mutual funds can be sold anytime, and easily
4 Flexibility: Mutual funds allow you to purchase as much or as
little as you want, and offer a variety of purchase plans.
5. What are the fees?
Mutual funds can either be purchased through a:
1 Front-end load: An investor pays a fee upfront (usually, a
percentage of the total investment).
2 Back-end load: An investor doesn't pay an initial fee, but they
are locked into the fund family for a predetermined period of
time (outlined in the prospectus). If the investor holds the fund to
"maturity"of the "contract," they will never pay a fee. But, if they
choose to redeem early, they will have to pay a redemption fee,
which decreases on a percentage basis every year the fund is
held.
6. What types of funds can I buy?
Major Asset Classes:
1 Money Market Funds
2 Bond Funds
3 Balanced Funds
4 Dividend
5 Equity Funds
6 Specialty Funds
7. What is a Money Market Fund?
• This type of fund's main objective is to hold investment
instruments that are liquid and secure. This type of fund is
usually held on a short-term basis and invests in money market
securities. Examples: Treasury bills, banker's acceptances, and
short term notes.
• One thing an investor should be aware of is that these funds are
NOT guaranteed like a Fixed deposit, and hold NO fixed return,
but are of low risk.
8. What is a Bond Fund?
• This type of fund's main objective is to provide a steady stream of
income, and holds bonds issued by either governments or
corporations.
• The risk level of this type of fund will be determined by the
guidelines in the prospectus, which will, in turn, determine what type
of "rating" and term (years to maturity) of bond the manager is
allowed to purchase.
9. What is a Balanced Fund?
• This type of fund's main objective is to hold an optimal mix of
investments among cash, equities, and income-producing
securities.
• This type of fund usually has several managers who specialize
in a specific area.
• This type of investment is ideal for someone who wants a better
return than a fixed income, but also wants less risk than equity.
10. What is an Equity Fund?
• This type of fund's main objective is to provide long-term growth
through equity/stock investments.
Different types of equity funds:
1 Diversified Equity Funds
2. Sector specific Funds
3. Index Funds
4. Middle Capitalization Funds
5. International Equity Funds
6. Others
11. What is a Specialty Fund?
• This type of fund's main objective is to concentrate its holdings
in one particular sector, geographic region, or in one capital
market.
• Examples: telecommunications, health care, technology,
financial services, European markets or Japan.
* As you specialize, you minimize diversification, and that results in
increased risk.
12. What are the three
different investment styles
for equity investing?
• Fund managers have different styles of investing. Their style
affects the type of stocks they will purchase, and the price they
are willing to pay. This, in turn, affects your future returns.
1 Value: A manager purchases stocks that offer value at a time
when the price of the stock is low, relative to the actual book
value. In other words, the company is selling for less than it is
worth.
* Note: This is the most conservative approach.
13. What are the three
different investment styles
for equity investing?
2 Growth: A manager purchases stocks that are deemed to have
growth potential, which, in turn, could generate above average
returns in the future.
* Note: Growth investments are usually small- to medium-sized
companies, thereby increasing the risk exposure.
14. What are the three
different investment styles
for equity investing?
3 Momentum/Sector rotation: A manager purchases sectors that
are, or that they think will soon be, "hot." The choices are
determined by the manager's anticipation of where the greatest
potential rests.
* Note: This is a high-risk way of investing.
Other investments with structures similar to a mutual fund
include clone funds, and segregated funds.
15.
16. GROWTH IN ASSETS UNDER MANAGEMENT
Growth of Mutual Funds In
India
18. Some facts for the growth of
mutual funds in India
• Huge growth in the last 6 years.
• Our saving rate is over 23%, highest in the world. Only channelizing these
savings in mutual funds sector is required.
• 'B' and 'C' class cities are growing rapidly. Today most of the mutual funds are
concentrating on the 'A' class cities. Soon they will find scope in the growing
cities.
• SEBI allowing the MF's to launch commodity mutual funds.
• Emphasis on better corporate governance.
• Introduction of Financial Planners who can provide need based advice
21. The Treynor Measure
• Treynor’s Index (Ti) = (Ri - Rf)/Bi.
Where, Ri represents return on fund, Rf is risk free rate of
return and Bi is beta of the fund.
22. The Sharpe Measure
• Sharpe Index (Si) = (Ri - Rf)/Si
Where, Si is standard deviation of the fund.
23. Jenson Model
• Required return of a fund at a given level of risk (Bi) can be
calculated as:
Ri = Rf + Bi (Rm - Rf)
Where, Rm is average market return during the given period.
24. Fama Model
• Required return can be calculated as: Ri = Rf + Si/Sm*(Rm - Rf)
Where, Sm is standard deviation of market returns. The net
selectivity is then calculated by subtracting this required return
from the actual return of the fund.
25. Use of Models
• Among the above performance measures, two models namely,
Treynor measure and Jenson model use systematic risk based
on the premise that the unsystematic risk is diversifiable. These
models are suitable for large investors like institutional investors
with high risk taking capacities as they do not face paucity of
funds and can invest in a number of options to dilute some risks.
For them, a portfolio can be spread across a number of stocks
and sectors.
• However, Sharpe measure and Fama model that consider
the entire risk associated with fund are suitable for small
investors, as the ordinary investor lacks the necessary skill and
resources to diversified.