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How to Invest in a Closed-End Fund

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CDs & Investments:  There are two types of mutual funds — open-end funds and closed-end funds. Imagine they’re twins who share the same DNA but go through life doing things very differently. Both of these funds sell shares to investors and use the money invested to buy securities that match their investment missions. But that’s where the similarities end. When people say “mutual funds” they’re usually referring to open-end funds. Open-end funds can sell an unlimited number of shares to investors. The price per share — also known as the net asset value (NAV) — is calculated by dividi...

on June 9, 2010 0

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Best Ways To Invest Money

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CDs & Investments:  'Anybody can earn money, it's the savings and investments that count', is an adage that has become more fitting in the modern world. In today's fast volatile world, investments have become a catchword in the financial world. Once the necessary expenses are taken care of, one has to decide which is the best way and place for them to invest their hard earned money. One should make investments in a safe and sane manner. Before deciding to invest money, one should set aside their daily and monthly expenditure. One should also set aside the necessary amount to pay for any bills at the end of the m...

on December 19, 2009 0

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Giving Makes You Rich

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Checking & Savings:  In John Bunyan’s 1684 classic The Pilgrim’s Progress, the character Old Honest poses this riddle to the innkeeper Gaius: “A man there was, tho’ some did count him mad, / The more he cast away, the more he had.” Gaius solves the riddle thus: “He that bestows his Goods upon the Poor / Shall have as much again, and ten times more.” Less poetically, the idea is this: Giving makes you rich. A lovely sentiment, to be sure, but quite backward-sounding to an economist. You obviously have to have money before you can give it away, right? Or in the pithy words of former British prime mini...

on December 10, 2009 0

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What to Do With $1,000 Now

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CDs & Investments:  1. Top off your emergency fund Given today's shaky job picture, you need fully six months' worth of expenses set aside in a liquid account that you can raid if calamity strikes. Fall short? Adding to that stash is a no-brainer. Because yields on many of the typical cash options look rotten -- six-month CDs are kicking off an average 0.62%, and money-market funds are hovering around 0.05% - your best bet is a high-yield online savings account. 2. Spend five hours with a financial planner If you're like most investors, your portfolio has been through the wrin...

on December 4, 2009 0

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10 Money Making Tips

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Money Saver:  1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score. 2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return. 3. If you have an employer matching 401K plan, maximize yo...

on December 1, 2009 0

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How to Invest in Offshore Money Market Accounts

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Checking & Savings:  There are many reasons to invest in offshore money market accounts. Most of these accounts are completely legal. While the term "Swiss bank account" often conjures images of exotic dealings and criminal masterminds, there are plenty of reasons why you may want to open an offshore bank account that are well within the confines of the law. Some reasons people make this decision include tax purposes and liability issues. Instructions Step 1 Consider why you are opening an offshore bank account. There are good reasons, and there are bad reasons to open an offsho...

on November 23, 2009 0

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