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Tip of the Day Use a Mortgage Broker

Use a Mortgage Broker - When purchasing a home, why not use a mortgage broker as he can shop around all the financial institutions and generally find you a much...

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Open-ended Fund

Open-ended Fund – an open-end fund is a mutual fund with no restrictions on the amount of shares the company will issue... The company will continue to make shares available no matter how many investors there are already.  The majority of all metal funds are open-end funds…  They also buy back shares if the investor wishes to sell them back  Open-end funds are a very useful tool for investors, by allowing investors  to buy and sell back shares.  An open-end fund may close down if the manager deems the securities to be too high and exceeds the company’s objective

 

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Daily Definition

Definition of the Day Face Value

Face Value - The face value is a securities nominal dollar value assigned by the issuer. If it is a equity security, face value is generally a tiny amount that bears no relationship of any kind to its market price, except when they are preferred stock, which in this case,...

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