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Tip of the Day Put At Least 20% Down On A Home

Put At Least 20% Down On A Home - Your home is most likely the biggest purchase you will make in your lifetime, so when planning for the big day,...

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Rule 12b-1 Fee

Rule 12b-1 Fee This is a fee that has been charged by a mutual fund to cover various miscellaneous expenses that occur over time. In some cases, this fee is used to cover promotion or marketing of the fund, while it can also be used for distribution costs and as commission to give to managers. There are types of funds that do not have a rule 12b-1 fee but in these cases, there will be other hidden fees or higher commissions in order to cover these expenses. The fee must be stated up front and it is usually less than 1%, so it does not interfere with the overall gains of the mutual fund.

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Definition of the Day Law of One Price

Law of One Price - The law of one price relates to the theory that any commodity, asset or security will have the same price in more than one exchange. Should the price differ in anyway, then by what are called arbitrage opportunities an equality will be achieved. Essentially the...

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