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Tip of the Day

Tip of the Day Set Up an Automatic Savings Plan

Set Up an Automatic Savings Plan - This may sound like it is really difficult, but it is not. If you have a checking account, you can set it...

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Muni Fund

Muni Fund – a Muni fund is a mutual fund who strictly invests in municipal bonds.  Muni funds are usually traded by people with in the higher tax bracket because these funds are except from federal taxes... Sometimes even escape state taxes as well.  The risk in investing in Muni fund is sometime a municipality declares bankruptcy which makes them more risky then US government bonds... On the positive side,  the underlying securities of a muni fund is backed by the government  thus giving it a high credit rating, making it more desirable for investors

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Definition of the Day Phone Switching

Phone Switching This give investors the ability to transfer currency between various mutual funds, as long as those funds are part of the same family, on the telephone. This is much easier than heading down to the manger's office in order to get these results, as it can be done...

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