September 10th, 2009
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Index investing can be an amazing savings option. As an investor, you first get to have a clear idea about what are Indexes. Well, The Dow, S&P 500, Nasdaq 100 or the Wilshire 5000, all of them are indexes. Indexes are basically groups of stocks that are carefully selected in order to effectively represent certain sections or portions of the stock market. Majority of the index investments are based on S&P 500 or the Wilshire 5000. As you invest in them, you become a part-owner of these companies
As you delve deep into this investment pool, you would notice that the broad market index does match very closely to the return of the overall stock market. Majority of the mutual funds do not really manage to achieve this. The statistical data of the last ten years would reveal that less than 20% of the large-cap mutual funds have managed to outperform the S&P 500. This makes index investing a great option.
Then, the cost-efficient factor makes it a great way to save your investment too. Investment through the index funds are carried out only in those companies that are enlisted in the index. You don’t require an analyst to get this data! So, this way, you are saved on the operating fees that are usually charged by the funds from the shareholders. This indeed offers you high savings option.
Written by srini on September 10th, 2009 with no comments.
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Theo Paphitis is a British immigrant from Greece. He was born on the 24th of September, 1959 in Limassol, Cyprus. He immigrated to England when he was six years of age along with his parents and brother. His millionaire story gradually got crafted in the retail sector and his popularity has its origin in his appearances for the BBC business program “Dragon’s Den”.
His name features in the Sunday Times Rich List, 2008 and currently his assets are worth an estimated 165 million pounds. Theo discovered his passion for retailing and sales when he was working at City of London Insurance broker as a tea boy. He sold commercial mortgages and learned to read the business balance sheets while he was working for Legal & General. At the age of 23, Theo set up his property finance company with his friend and associate, Mark Moran.
He got involved with the NAG Telecom when he noticed the rise of the mobile telephones and also negotiated deals with Ryman stationary stores. He eventually bought the company and his other ventures include Partners and Contessa. Theo is a co-owner of Red Letter Days and is looking forward to buy La Senza, a global lingerie brand. This immigrant millionaire believes in ‘common sense’ and states “There are three reasons to be in business. To make money, to have fun – and to make money”.
Written by srini on September 10th, 2009 with no comments.
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