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Tip of the Day Know When to File your Taxes

Know When to File your Taxes - For those of you who have been doing taxes a long time, you know that when you are expecting a refund you should...

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Side Pocket

Side Pocket When a hedge fund opens a second account for its illiquid assets, it is called a side pocket. This keeps these assets separate from the liquid assets of the hedge fund, which provide benefits for certain members of the fund. The only people who stand to make considerable gains from a side pocket are those who are original members of the hedge fund. Anyone who has joined since the fund was started will not make any money from this type of account because this separate account will not apply to the investment that they have made since the account opened.

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Definition of the Day Bond Mutual Fund

Bond Mutual Fund - Bond mutual funds often focus on a particular type of bond such as municipal bonds, other government bonds, or corporate bonds. Municipal bonds are not a matter of Federal income taxes. You can steer clear of state taxes if you pick a...

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