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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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High Watermark

High Watermark?- This is a term that applies to whatever is the highest value a given investment fund has actually earned. This is referred to as its high watermark mark by the investors. Such value has benefit mainly in terms to those who manage the funds. They are used as a gauge to determine any bonus a specific manager will be eligible for during a given period. This is based on whether they succeeded in exceeding the high watermark level in earnings. Should the manager fail to have earnings above that level then no bonus is made available.

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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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