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Money Management: Exchange on Trade Fund (ETF), which is associated with the stock market
Finance & Accounting
Pages 16 (4016 words)
Money Management Name: Course: Professor: Institution: City and State: Date: Money Management Introduction For the realization of a better result in any venture, regardless of whether it is a business venture or any other venture, there is a need to have a good management to steer the investment to success.
Money management is the process of being a custodian of one’s finances by knowing where today’s finances are being spent, and drawing a well thought out plan showing where one wants this money to go. Therefore, it calls for one to be well organized; have set goals, which would gear this investment to success; have a track of one’s spending by putting in place a realistic budget, and above all have a well thought-out savings strategy. The paper takes cognizance of the Exchange on Trade Fund (ETF), which is associated with the stock market. Carrel (2008) explains that ETF is an investment fund or security that is entrusted with the stock exchange market. ETFs resemble a commodity, an index or a basket like an index fund; thus it is designed to trade like a stock on an exchange market. The paper would, therefore, discuss the aspects surrounding the financial market as far as ETF is concerned (Carrel 2008). My risk profile evaluation reflection As an investor, I would seek to establish a strategy that matches my risk profile so that I may not be caught off guard should such risks occur. I would, therefore, work towards ensuring that I cushion myself against any short- term loss. This becomes possible if I ensure long-term growth in the value of my investment and by being cautious on inflation. ...
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