When determining your capital gains and losses, cost basis information is essential.
Mutual funds incur costs that must be paid from fund assets. These costs are incurred through marketing, advisory fees, accountants’ fees, legal fees, custodial fees, etc. Simple transactions such as buying, selling and exchanging shares can be costly.
An independent 529 Plan is a prepaid tuition plan for private colleges and universities. Account holders buy certificates that are redeemable for a pre-established percentage or tuition at any member school.
Mutual funds can be classified into several sub-groups: types of funds, open-end vs. closed-end and share classes. An investor who chooses to invest in mutual funds should understand the various differences between funds to ensure that their goals and objectives are inline with those of the fund.
Missing your target on your budget does not mean your budget won’t work. You just need to set more realistic targets.
We offer six easy tips for creating your own budget.
Investing in individual common stocks can be an expensive endeavor. Commissions to the broker on every buy and sell can add up over time. Many investors instead choose to invest in mutual funds based on the misconception that mutual funds do not charge commissions. In reality, mutual funds, even funds that are no-load funds, can be costly to buy, sell or simply hold.
Every day we are surrounded by the realities of rents and mortgages, groceries, children and endless bills. A budget can help make it all work.
Once an investor makes a decision to purchase shares of a mutual fund, all aspects of the fund must be fully understood. Under the Securities Act of 1933, new issues of a security must be registered with the Securities and Exchange Commission and a prospectus must be provided to all purchasers of the new issue.
If you stay at work late to meet a deadline and the company buys pizza for dinner, is this taxable? And to whom?