Summary of Mike Piper's Investing Made Simple

Download or read book Summary of Mike Piper's Investing Made Simple written by Everest Media, and published by Everest Media LLC. This book was released on 2022-03-31T22:59:00Z with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please note: This is a companion version & not the original book. Sample Book Insights: #1 Index funds are a type of mutual fund that mimic the performance of a specific index. They are designed to simply reflect the value of a group of investments. There are indexes that track just about everything, and more are being created every year. #2 Stocks, bonds, and mutual funds are all forms of investing. Stocks represent shares of ownership in a company. Bond investors seek to make money through the receipt of interest payments made by the borrower. #3 A traditional IRA is an investment account with some additional benefits and restrictions. When you contribute money to a traditional IRA, you usually get a tax deduction for the amount of the contribution. #4 There are restrictions on both the deduction you get for investing in your IRA and on your ability to withdraw money from your IRA. Any withdrawals before age 591⁄2 will be subject to an extra 10 percent tax.