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Tip of the Day If You Don't Understand How An Investment Works, Don't Buy It

If You Don't Understand How An Investment Works, Don't Buy It - One of the most common mistakes made by people is buying things that they don't understand, and that...

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Family of Funds

Family of Funds - A family of funds is a mutual fund offering by a specific company that features many mutual funds, involving various objectives. Normally, investors can move their assets between different funds within a specific family unit. Moving these funds has no cost or nominal costs and they can receive a single statement describing what their holdings are within a specific family of funds. These are also called mutual fund family or fund family. Family funds provide the investor with one-stop shopping for their investment activities, plus the opportunity to make money transfers, fund exchanges within the family easily, and most have a good selection of funds to choose from to assist with a diversified portfolio.

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Definition of the Day Employee Stock Ownership Plan

Employee Stock Ownership Plan - an Employee stock ownership plan is a trust by a corporation to its employees. It is a plan to make the employees part owners of the company by allowing them to purchase shares of the company. Contributions are made by the employee to the...

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