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What is a Mutual Fund?
Published on 2011-11-17 05:10:00
image via WikipediaA mutual fund is a type of investment in which individualscan pool their money to buy various types of securities, such as bonds andstocks. Mutual funds generally are sound investment options for the low-budgetinvestor since they allow for variegation and professional management. Severalmutual funds invest in fast-growing and aggressive companies, while some investin more static "blue chip" stocks. Just like in most investments, you could lose money as well as profitfro
What is a Certificate of Deposit?
Published on 2011-11-17 05:04:00
A CD or certificate of deposit is an interest-bearing noteissued by a bank. These are time-related notes that grow and are payableaccording to your contractual arrangement with the bank. The time period mayvary from thirty days to ten years. Typically, the longer the maturity timeperiod, the higher the interest earned. Early withdrawal results in forfeiture ofa substantial portion of the interest.Certificate of deposits are insured up to $100,000 perdepositor if the issuing bank is a member of t
Advantages and Disadvantages of Home Refinancing
Published on 2011-11-15 03:19:00
What are the advantages and disadvantages of refinancing a home if the prevailing interest rates are lower than the mortgage rate?Many individuals refinance their home if they can get a lower interest rate. Still, one needs to deliberate the additional costs. Primarily, the homeowner has to pay a loan up-front fee for the processing of a new loan, and you possibly will have to pay-off the penalty on the previous loan. In addition, you will be charged with attorney's fees, closing costs, et
