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Tip of the Day Keep at Lease Three Month's Worth of Living Expenses in a Savings Account or High-Yield Money Market Account

Keep at Lease Three Month's Worth of Living Expenses in a Savings Account or High-Yield Money Market Account - Because we need to rely on our emergency funds during time...

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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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