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Tip of the Day Invest for the Long-Term

Invest for the Long-Term - Investing is a high-risk proposition unless it is to be done over a long-term. Due to the nature of the industry, there is no...

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Mutual Fund Custodian

Mutual Fund Custodian – a mutual fund custodian is a bank, or any other similar financial intuition, which is responsible for safe keeping and holding the securities owned, and within a mutual fund.  A mutual fund custodian usually maintains and holds all records, sales redemptions and trades of the share holders...  A mutual fund custodian may but not always, act as the mutual fund transaction agent...  Since a mutual fund is basically a pool of several funds and not one common stock, it’s essential that a 3rd party is involved to maintain, and oversee the funds operations.

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Definition of the Day Municipal Investment Trust

Municipal Investment Trust - Municipal Investment Trust is the entities that hold a stake in the numerous municipal bonds and then sell share to the public that represent an interest in those bonds. When the municipal bonds then pay off compensation or mature, the trust passes the income on to...

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