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Tip of the Day Ditch Your Car

Ditch Your Car - If you live in a community where everything is within a reasonable distance, you need to ask yourself why you are driving a car, which when...

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Compounding

Definition: This is the concept that you earn interest on the interest you have already earned.  At first, your money grows slowly, but as time passes, your money grows more rapidly.  This is often considered the "eighth wonder of the world."

TeenAnalyst Advice: We're serious when we say that compounding can make you rich.  In order to gain the full benefits of compounding, you need to keep your money invested for a prolonged period of time.

 

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Definition of the Day Institutional Shares

Institutional shares - It is a type of mutual fund shares of a class available to institutional investors. In this class mutual funds that is either on a load or no load basis and no 12b-1fees. With a sizeable minimum investment usually around $500,000 or more these fund will typically...

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