Posts Tagged "how much money"

Save money on your car insurance

Posted by Preet on Jul 26, 2007 | 0 comments

One quick and easy way to save some money on your car insurance is to raise your deductible.  But don’t just go out and change anything before crunching some numbers first. First we should define what a deductibe is.  A deductible is term that refers to how much money you are on the hook for if you make a claim (get into an accident). So for argument’s sake, let’s say your deductible is $500.  If you get into an accident and the damage is $4,000 then you pay the first $500 and the insurance company pays the rest. (A side note: think twice about making a claim for a $600 accident if you deductible is $500.  Is the chance your premiums increase for...

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What is a Mutual Fund? A basic understanding…

Posted by Preet on Jul 26, 2007 | 0 comments

I suppose this should be one of the first posts seeing as how most people are invested in mutual funds (and have no idea what they are, what the differences are between them, and what kinds of mutual funds there are out there). It is also of note that many investors might be better off getting out of mutual funds at a certain point… but I’ll get into that in another post! A mutual fund is a means for small investors to pool their money together (MUTUALLY) with other small investors so that they may hire a Mutual Fund Manager to take the collective funds and create a diversified investment portfolio that is invested on behalf of all the small investors....

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