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Tip of the Day Borrow No More Than 30% of Your Available Credit

Borrow No More Than 30% of Your Available Credit - You should borrow no more than 30% of your available credit each month if you wish to keep your credit...

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Hidden Load

Hidden Load - This is a fee charge on a sale that is not disclosed prior to the sale. It might be included in the fine print, but can easily be missed during the initial evaluation of a given prospectus. With life insurance companies for example, this might be cost assessed on the first year?s premiums used to build some cash value. In the area of mutual funds this can involve an annual fee that is a percentage of the assets, called a 12b-1 fee. It covers the expenses related to marketing and distribution, which are normally less than 1%.

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Definition of the Day Enhanced Index Fund

Enhanced Index Fund - an enhanced index fund is strategy term employed to outperform traditional indexing. The fund is aimed at an index (an indicator, representing the value of a security) but the fund is also attempting to boost returns by staying clear of the index in order to...

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