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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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Redemption Fee

Redemption Fee This is meant to discourage mutual fund timing by charging investors a stiff fee every time an investment is sold before a predetermined amount of time. This makes it somewhat costly to sell an investment prematurely, which means that most investors will only do it when they feel it is absolutely necessary. This fee is usually only applicable for up to one year after the investment has been made, but exceptions are possible. This is meant to help long term investors as well, since short term investors generally have a negative impact on the overall market, even when they are quite successful themselves.

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This is the reason why most of the people invest. They will get a good income from their investment every month and their investment remains the same too. But the problem is that, one should invest some big amount to great a good income every month.

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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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