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Tip of the Day Build a Nest Egg that is 25 Times the Annual Investment Income You Need

Build a Nest Egg that is 25 Times the Annual Investment Income You Need - When it comes time to retire are you going to have enough money to live...

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Wash Sale

Wash Sale - A Wash Sale is stock, approved by the Federal Reserve and an investment broker to serve as collateral for margin debt. A margin debt is achieved when someone is buying stock with borrowed money. They are put in separate accounts; so called margin accounts and it is an effective way for a broker to reduce financing charges. The criteria to use securities for margin debts are usually strict. The Federal Reserve has a set of standards for this kind of stock accounts. Brokers often use standards that are even stricter than the Federal Reserve's set of standards.

 

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Definition of the Day Exchange Privilege

Exchange Privilege - An exchange privilege is a special feature, which are offered in some of the mutual funds families which allow investors to switch, or swap, from one mutual fund with a family unit to another within the same family fund unit, without paying any additional sales charges. The...

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