With summer fast approaching, large numbers of high school and college students are searching for summer jobs, beginning an internship or enrolling in summer school. Other students choose to use summer as an opportunity to sleep in, hit the beach and take advantage of a carefree lifestyle.
We have all heard of them and most of us probably will have or have already had some money invested in one at some point during our lives. Mutual funds are a powerful way to store and grow your nest egg and they are one of the most popular and widely-used type of investment in the United Staes.
But what exactly is a mutual fund and how to they work?
When traditional methods used to stimulate the economy don’t work, what do governments do?
Quantitive easing, defined as “a government monetary policy occasionally used to increase the money supply by buying government securities or other securities from the market,” is often used to increase the money supply and promote lending and liquidity. Fan or foe, it’s an unconventional monetary policy used during deep recessions.
While finances might not be everyone’s favorite dinnertime conversation, parents who teach their children about money give them a head start on the road to financial success.
Whether your version of teaching children about money is giving them an allowance to budget, opening a savings account, or simply talking about how much things cost, opening their young eyes to the world of personal finance gives them a toolset they will use for life.
Based off a survey by T. Rowe Price, this infographic explores how often parents are talking to their kids about money, as well as which personal finance topics children are most interested in learning about.
Have you ever calculated the cost of purchasing and selling mutual funds? When you purchase a mutual fund, you pay Purchase Fees i.e. Front End Load. When you redeem the money, you pay Redemption Fees i.e, Back End Load. Plus, from your money, the fund pays the adviser and managers. So how much is your real investment? To find out, go through this amazing infographic.
