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What is an Index Fund?

An index fund is a passively-managed mutual fund that tries to mirror the performance of a specific index, such as the S&P 500. Since investment trades within an index fund's portfolio are automatic and infrequent, expenses tend to be lower than...

What is an Index?

An index is a statistical representation of the value of securities with certain charactertistics that make it up. An index often serves as a barometer for a given market or industry and benchmark against which financial or economic performance is...

What is Income Tax?

Income tax is the annual tax levied by government on an individual's or corporation's eligible earnings.    See Also: Ways to Reduce Taxes on Income Investments How to Efficiently Turn Savings into Income Tax Time Treasure Hunt IRA vs. 401(k) -...

What is Impact Investing?

Impact investing is also known as "Socially Responsible Investing" or "SRI." Impact investing usually involves avoiding investing in companies who are believed to negatively impact people and/or the environment and seeking out companies to invest...

What is Homeowners Insurance?

Homeowners insurance is a form of property insurance required by most mortgage lenders that combines liability and hazard insurance.   See Also: Your DIY Financial Planning Guide Ask An Advisor: What Is a Reverse Mortgage? Ask An Advisor: How to...

What is Hedging?

Hedging is an investment strategy to reduce the risk of value change in a security by taking an offsetting position in a related security. Common hedges include trading "options" and "short selling."   See Also: Top 8 Mistakes Investors Make The...

What is a Fixed Income?

A fixed income is a security that pays a specific interest rate and generally carries less risk than other securities, like stocks.    See Also: Fixing Up Your Fixed Income Smart Strategies for Retirement Income Do You Look Before You Leap? Your...

What is a Fee-Only Financial Planner?

A Fee-Only Financial Planner is a financial professional who only charges fees for services rendered and does not earn commissions from products sold. In theory, this kind of cost structure is preferable, because it eliminates any potential bias...

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