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Tip of the Day Stocks are High Risk, High Reward

Stocks are High Risk, High Reward - Stocks when used properly and taken out on a long-term basis usually return more than more investments in dividends, although are really risky...

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Joint Account

Definition: A joint account is an account owned by more than one person (typically husband and wife).

Advice: Joint account offers the benefit of giving two people control over the account.  This means that your spouse can call up your stock broker and place an order to buy stock.  However, this requires that a joint agreement be set up, which is usually a pretty simple process.

These types of accounts are great for married couples because they give your spouse complete visibility into the investments and easier access.

 

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Definition of the Day Leveraged Investment Company

Leveraged Investment Company - Leveraged Investment Company is a company whose charter allows it to borrow money for investing activities. A venture company or mutual fund entitled to borrow capital for its operations. It is an investment company that issues both income shares and capital shares. It is an investment...

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