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Tip of the Day Find Out About Homeowner Taxes

Find Out About Homeowner Taxes - Before purchasing a home find out what the property taxes are going to be on that home. In some cases, the mortgage that you...

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Growth Fund

Definition: A growth fund is a mutual fund that invests in a portfolio of growth stocks.  These funds are geared towards people who are looking for greater capital appreciation.  They also carry more risk than income, blend, balanced, and value funds.

TeenAnalyst Advice: Growth funds are mostly comprised of companies that are new and growing rapidly.  The younger you are, the more risk you afford to take.  However, if you're nearing retirement, you might want to consider limiting your exposure to growth funds.

Growth stocks typically do not pay dividends so these mutual funds are not good for people who are looking for income from their investments.

 

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Definition of the Day Purchasing Power

Purchasing Power – This refers to the strength and buying muscle, ability and resources, (as measured by quantity/quality  of products/services it can afford/buy. Where the real buying strengths, resources, control and command, ability, agility and procurement lie for and in the business. What is the ability to buy, pay for,...

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