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Tip of the Day Find Out About Secondary Costs

Find Out About Secondary Costs - Home ownership comes with many expenses and one that generally is not taken into account when plans are made to purchase a new home...

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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 Who is Peter Lynch?

Definition: Peter Lynch was the fund manager for the Fidelity Magellan fund from 1978 until 1990. During that time, he...

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