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Tip of the Day Never Spend More Than 2 Times Your Income On A Home

Never Spend More Than 2 ? Times Your Income On A Home - Half the trick to buying a home is knowing what you can afford to spend...

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Statement of Additional Information

Statement of Additional Information This is a document that outlines all of the information that an investor would need to know about a mutual fund. This includes things like policies, operations, risks, management procedures and anything else that an investor would ask before deciding to invest money in the fund. This is much more detailed than a prospectus, as nothing is abbreviated and each of these aspects is considered thoroughly in order to help the investor make an informed decision. A statement of additional information will usually be included with mutual funds that are different from the norm, as most investors would have a good idea of the basic policies that most mutual funds include.

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Definition of the Day Turnover

Definition: In mutual funds, it's the percentage of total shares in the portfolio that are traded in a given period (usually a year). TeenAnalyst Advice: Investors prefer mutual funds with lower turnover rates because they have lower fees than those with higher turnover rates.  Also, if a mutual fund is constantly...

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