WBZ's Money Matters with Dee Lee

Tuesday April 15, 2008: Mutual Funds - Picking the Right Funds

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Play from 0:00[0:00] ..." Here on WBZ news radio 1030 with certified financial planner Dee Lee we are taking a look at what everybody's talking about a that is their own portfolio of mutual funds what's happening. In this market and today. Indeed takes a look at picking the right funds."...

Play from 0:15[0:15] ..." It and say they're thousands of mutual funds to choose from he needed discipline approach to Whittle down the number to something that's manageable again. -- thirty or forty mutual funds should not be you per fully keep track animal you can't if you can't name what's in your for fully have many to many. Select your funds according to what your goals are in your time horizon before you choose your look at the fund manager. -- look at somebody is a good five contain your performance you may have to settle for three and five your performance but this is important how the manager do over a beer market. Over what happened in -- you know early ninety's in the early 2000 TV don't think mutual funds because your friend told you about a specific fund over beer -- a good advice you know you get what you paid"...

Play from 1:29[1:29] ..." is measured by statistical tool beta and one point no. You want mutual funds that are lower than the one point know or one whom you anything higher than that doesn't really buy you bang for"...

Play from 2:01[2:01] ..." around a 100000 dollars in checking -- in Tokyo mutual fund bond fund. Because your friend over Revere says my my initial funded 12% this year that's not to reason you want to buy it."...

Play from 0:00[0:00]" Here on WBZ news radio 1030 with certified financial planner Dee Lee we are taking a look at what everybody's talking about a that is their own portfolio of mutual funds what's happening. In this market and today. Indeed takes a look at picking the right funds."

Play from 0:15[0:15]" It and say they're thousands of mutual funds to choose from he needed discipline approach to Whittle down the number to something that's manageable again. -- thirty or forty mutual funds should not be you per fully keep track animal you can't if you can't name what's in your for fully have many to many. Select your funds according to what your goals are in your time horizon before you choose your look at the fund manager. -- look at somebody is a good five contain your performance you may have to settle for three and five your performance but this is important how the manager do over a beer market. Over what happened in -- you know early ninety's in the early 2000 TV don't think mutual funds because your friend told you about a specific fund over beer -- a good advice you know you get what you paid for absolutely. Yeah and you want to look for an average are lower than average expense ratio. Fees make a difference they can make a huge difference in your return over years because these -- taken out whether it's a beer market or bull market. A lower than average annual turnover ratio turn over expenses when the manager buys and sells the lower it is the less expenses the better it is the more stable than mutual fund. A low beta baby is a measurement of risk of volatility is measured by statistical tool beta and one point no. You want mutual funds that are lower than the one point know or one whom you anything higher than that doesn't really buy you bang for your buck. Because it's an often -- people think well the more risk I take the higher my returns BP the higher risk you take the bigger losses you can experienced factly and that's a good measure beta because that we'll tell you exactly that your losses will be larger. Public the minimum investment funds have widely varying minimize a thousand dollars 200000 for some bond -- so most people are walking around a 100000 dollars in checking -- in Tokyo mutual fund bond fund. Because your friend over Revere says my my initial funded 12% this year that's not to reason you want to buy it."

Play from 2:12[2:12]" Past performance no guarantee of future -- exactly lottery numbers like the average time for that many many times thank you -- check the website for all of these information it's terrific and you want to read it closely at WBZ -- thirty dot com we'll more tomorrow here on WBZ news radio 1030"

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[0:25]..." time horizons he can ride out the ups and downs of the stock market. How many funds you own is partly a function of how much money you have to invest when the market goes down mutual funds and stocks are on sale sure. So stuff is until -- for people who have 41 K plans where weekly they're buying into their 41 K -- 43 -- you know it this is not the time to. Junction that's one way of who -- like the glass half full or half empty right. Right it's either on sale or I've lost X amount of my worst fear in my why mutual funds I want everybody to realize it they're on sale aren't Salem are on sale. You know I recommend a six pack approach Anthony -- mutual funds. And you'd want a large cap growth a large cap value small cap blend made -- blending international. Because over 50% of the world's wealth is outside the United States at one point we were by far. On carried sixty Ferguson of the world's wealth that doesn't happen anymore -- some of those economies are doing very well like Brazil right -- you want some international exposure and -- some cash -- whether that's in the form a bond mutual fund or mart money market or just plain old cash. As your money available for investing increases limit your fund choices to a maximum a dozen mutual funds. With more funds and then you -- of being closer and closer to an index for fully -- at a more funds. "...

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Wednesday April 16, 2008: Mutual Funds - Benchmarks

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[0:52]..." money investing section and check the markets lineup -- can find the Dow Jones Industrial Average analyst of the thirty stocks. And how they did the day before. Other indexes listed -- the S&P 500 the Russell 2000 the Wilshire 5000 also international indexes are there. I like the paper additional street journal but I like their online website much better and I used their market data center you just click on that it's everything's on one page if it's not listed there occasional link to where you want to go. So get on there links from our website here daily BC. Check on the right side of the home page and find a box entitled mutual funds. And I look for the Lipper index's three got a finalist of 21 of the Lipper fund in nexus to the previous market trading day with year to date percentage changes. This is a good way to look at your mutual fund and check it against the big guys those of the benchmarks -- right okay. So easy to do some of the indexes that define their large cap. The growth large cap value mid cap small cap international is 21 of them your fund will fit in one of them whether it's a bond -- stock fund. You compare your investments against the benchmark. You wanted to be somewhere in the vicinity of its higher your gold and if it's a lot lower. You want to know what's going on July he induce more investigating exactly -- find out what that there was some a change in the manager. What are they investing in is it really not what she wanted so again used as benchmarks to check against your portfolio and if you're doing poorly given a couple quarters. But then you may want to consider selling "...

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Friday April 18, 2008: Mutual Funds - Your Statement

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[1:33]..." your asset allocation. Large company stocks in mid sized small bonds cash real estate. You want to be sure you're. Diversified meaning your -- not lopsided. You want to powerful it's going to -- you sleep at night and not panic when the market goes down of course you know 10200 to 300 points in a day. Also all brokerage houses initial phone companies and financial planners had your account statements available online. You can check our early if you like I don't recommend that do it on a "...

[0:00]..." Mutual funds that's the topic here on WBZ news radio 1030 with certified financial planner Dee Lee all this week we've been looking at mutual funds. Building your portfolio picking the right funds deciding when to sell but today. "...

[1:01]..." and they're going to become your worksheet. How much is in your retirement plans how much is in the college savings plans to have money in their free emergency plan. What's your net worth once it "...

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