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Tip of the Day Know When to File your Taxes

Know When to File your Taxes - For those of you who have been doing taxes a long time, you know that when you are expecting a refund you should...

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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 Bond Mutual Fund

Bond Mutual Fund - Bond mutual funds often focus on a particular type of bond such as municipal bonds, other government bonds, or corporate bonds. Municipal bonds are not a matter of Federal income taxes. You can steer clear of state taxes if you pick a...

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