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Tip of the Day Buy A Used Car

Buy A Used Car - Next to a home, the most expensive purchase you are likely to make is a car. When looking to buy a car it is...

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Certificate of Deposit (CD)

Definition: This is much like a bond from a bank because you give a bank money for a specified amount of time and they agree to pay you back at that time, plus interest.  The length of a CD usually varies from one month to five years.

TeenAnalyst Advice: If you have a lot of money in the bank, CD's allow you to put that money to work for you.  They're also nearly risk-free investments.  However, their interest rates vary with the current market interest rates.  At times, you may receive a very very low interest rate.

We recommend that if you' have a lot of money to consider investing it in another investment such as stocks and bonds instead.

 

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Definition of the Day Income Trust

Income Trust - It is a type of investment trust, which may have holds in the income-producing assets or replacing it in investment. The income that is produced may be passed on to investors or corporations or the unit holder. Example are of the income trusts are the real estate...

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