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Tip of the Day Use a Mortgage Broker

Use a Mortgage Broker - When purchasing a home, why not use a mortgage broker as he can shop around all the financial institutions and generally find you a much...

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Income Fund

Income Fund - This is a form of mutual fund that is tailored to focus on current income, either by means of monthly or quarterly types of compensation. That is opposed to those that emphasize benefits of capital appreciation. Among the types of investments this can include are municipal, preferred stocks, government and dividend paying stocks. Income funds do not provide fixed shared prices. Thus their value tends to follow the rises and declines in the interest rates. In addition, high risk funds from either bank loans funds or high yield bonds are among those who concentrate mainly on income aspects.

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Definition of the Day Face Value

Face Value - The face value is a securities nominal dollar value assigned by the issuer. If it is a equity security, face value is generally a tiny amount that bears no relationship of any kind to its market price, except when they are preferred stock, which in this case,...

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