Finance Globe

U.S. financial and economic topics from several finance writers.

Understanding Stocks

Stockholders Share in the Profits and the Losses Stocks are the smallest unit of ownership in a company. The more shares of stock you have, the more ownership you have in the company. Companies issue stock as a way to raise money for improvements or expansion. If they took out a loan, it would have to be paid back. To raise capital without incurring debt, they offer shares of their company’s stock to the public. If...
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Mutual Funds Fees Explained

Before making any investment, consider the fees and expenses that will take a cut out of your profits. Some mutual fund fees are completely avoidable, and some fees are necessary. Some types of mutual funds will require higher fees and maintenance costs than others; it’s important to compare similar funds with the same objectives from different fund families. A fee table can be found in the prospectus of any fund you’re considering, request this important reading...
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Mutual Fund Basics

Mutual funds are the investment of choice for many people; they allow an investor to minimize financial risk by spreading money among many different stocks and bonds, without the research and market knowledge required for such a diversified portfolio. By diversifying their investments, they are able to invest in the stock market without taking the risks involved in having money in only one or a few companies’ stocks. Mutual funds may invest in stock of hundreds...
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The Beginner's Guide to Investing

How do you think the majority of wealthy Americans became financially secure? Did their parents leave them an inheritance? Did they win the lottery? Did they invent something the whole world needed? No, they developed a sound financial plan and invested their hard-earned money wisely. Saving is for short-term needs Simply putting your money into a bank savings account or CDs will allow you to save money for an emergency fund, a big family vacation, a...
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The Real Cost of Homeownership

So, you’ve done all your research before buying a home. You’ve checked with mortgage lenders, you’ve improved your credit score, and you’ve paid off other debts. You’ve saved the required down payment and you know how much your house payment will be. You’re on the right track, but don’t forget to consider the additional costs of owning your home. Being aware of, and preparing for all those extras will make owning your home a rewarding experience....
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Financial Preparation for Homebuying

If you’re thinking about buying a home, be sure to prepare for it long in advance; some may want to start working on their financial situation up to a year before home purchase. Improve your credit score. Your credit score will be a large factor in whether or not you can get a traditional loan, what rate of interest you’ll pay, and the minimum down payment required on your mortgage. A big improvement can be made...
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Buying Your Home

Buying a home is exciting! Many people view homeownership as having security, a stepping-stone to financial freedom. Some of the benefits to consider: Owning a home takes a lot of work, money, and commitment, but the rewards are very enriching. It’s easy to get caught up in the open houses and real estate ads without fully thinking it all through, so be sure that purchasing a home is what’s best for you in your current situation....
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Should You Buy or Keep Renting?

Should You Buy or Keep Renting?
The decision to rent or buy your home should be carefully considered. Many people who want to become homeowners simply state that they are tired of wasting money on rent so a landlord can profit from them, but there are many factors to consider before you make your decision to buy based only on financial reasons. Even the financial reasons should be carefully thought out and planned for; owning a home will cost a lot more...
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Auto Insurance - Are You Covered?

Auto insurance, just like any other type of insurance, is meant to protect you against loss.You might consider yourself to be a good driver, but you can still be found at fault due to a technicality and be held financially responsible for an accident. States have required minimum liability coverage, but auto insurance, just like any other insurance, is not a one-size-fits-all. You might be tempted to just go with the state minimum to save on...
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Life Insurance - Protecting Your Family's Most Valuable Asset

Why do you need life insurance and how much do you need? Life insurance is to provide your family with income in the event that you are no longer around to provide it. Generally, a person’s life insurance needs are low when they are just starting out with no dependents, increase as they become responsible for a family, and then later decrease again as children become adults and begin taking care of themselves. A single adult...
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