It’s May and the sun is shining. Birds are singing. Flowers are in bloom. And it’s time to take a holiday. Should you take time to smell the roses? Indeed, you should but while doing so take a moment to think about your money. Is it taking a day off too? It shouldn’t be. It should continue working even when you don’t.
So how do you ensure that your money isn’t goofing off? One way is to put it into an income fund. Preferably one with a proven record of steady earnings without too large a MER (management expense ratio). Or too many trailer, upfront or annual fees for the salesperson who sold it to you.
Perhaps you might investigate income ETFs (exchange traded funds). They often perform as well or better than their mutual fund equivalents and usually at a much lower cost. If you are new to ETFs read up on them. There is much to learn but surprisingly good results at lower costs can be achieved.
Check out my e-book, Retirement Investing for more on EFT’s.
