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Tip of the Day Refinance Your Mortgage if You Can Cut At Least One Point

Refinance Your Mortgage if You Can Cut At Least One Point - Refinancing a mortgage only makes good sense if you are going to save more than 1% on the...

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Index Fund

Definition: A mutual fund that invests in stocks that make up indexes, such as the Dow or S&P 500.

TeenAnalyst Advice: Index funds are great because they don't have to worry about underperforming the market.  They also have considerably lower expense ratios than other mutual funds.

 

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Definition of the Day Chairman of the Board

Chairman of the Board - the chairman of the board is the highest official or officer of a board of directorship. The Chairman of the board is the top official in corporate meetings, and is sometimes given executive authority over the entire company, depending on the structure of the corporation....

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