7 Secrets to Successful Income Investing

Secret #6 – Lighten Up on the Mutual Funds

Mutual funds may be a common investment, but their outrageous management fees and other ongoing expenses can take a huge bite out of your paycheck. Just like salt, use mutual funds sparingly.

If you prefer the diversification and professional management of a mutual fund, I recommend Vanguard. Their operating expenses are among the lowest; Vanguard’s bond funds routinely charge less than 0.1% a year, which is only 10 cents for every $100 invested.

NEXT – Secret #7