Dublin’s investment in mutual funds

Risk and reward, these two words are correlated heavily with the trading of stocks and bonds. Individual stocks and bonds tend to have higher personal risk, but also higher possibility for rewards. Mutual funds are another type of lower risk investment where you and other people have the opportunity to invest money or capital in a collective fund. This group of people’s money is then invested by a fund manager in a diversified array of stocks, bonds, futures, currencies, treasuries and money market securities that they believe will do well. 

By investing with other people, you are reducing the amount of risk that will be on your own assets. Although this is positive, the payouts tend to be smaller because they are distributed across all of the investors. 

There are many benefits to investing in this product. For one, this type of fund offers built-in diversification of investment portfolio; you are not putting all of your eggs in one basket, which can offset possible downfalls in one category with growth in another. Another being that these funds are chosen by …

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After the crisis: A new financial structure

This is a speech given by Paul McCully of PIMCO at the annual Minksy Conference, it is a long one but well worth reading

Start:

Thank you very much. It is an absolute pleasure and honor to be here. I gave the keynote a couple years ago and it was my first time to be at the Minsky Conference. I feel that I’m part of a church, and it’s a good church in that we’re on the right side of history. And it’s absolutely wonderful to be attending services with you again.

I want to open up with a little story that should make everybody in the room feel particularly good, and then we’ll get into discussing economics. Harry Markowitz has been a friend of mine for about a decade. I became friends with Harry through two channels. Number one, Rob Arnott of Research Affiliates has an Advisory Panel of famous academics, such as Harry and Jack Treynor, that he gets together every year. I’m frequently invited to speak. We spend two or three days over a weekend together. I’ve …

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