Estate planning begins and ends with competent professional attorneys versed in estate planning basics. Choosing such an attorney is not easy. Most attorneys in small firms will advertise their ability to do wills—wills present basic business opportunities for the attorney. And, the c
We’ve helped you understand more about investments and the lingo you need to know in the last few columns. Now, let’s look at Managed Accounts, Hedge Funds, and Options and Futures. The Managed Account Managed accounts (sometimes called “separate accounts”) are simply portfolios
Because of the tax problems inherent in mutual fund investments and out of demand for mutual funds with daily trading capability, a new type of fund has been created called an “exchange-traded fund.”
Mutual funds price all of the securities within a mutual fund portfolio at 4:00 p.
Last issue, we told you about annuities, dollar cost averaging, capital gains, investment returns, and cash and cash equivalent investments. If you missed it, look for the article online on this site along with others in our Live Secure series.
Now that you have the basics, let’s p
Last time, we told you about debt securities, specifically bonds. If you missed it, look for the article online at www.ChesapeakeCurrent.com along with others in our Live Secure series. This issue, let’s go over some other types of investments and additional important need-to-know lin
Bonds are securities, but they are called debt securities or fixed-income securities. In the case of a bond, you are investing your money as a loan to a corporation (or U.S. government or another foreign government) in hopes of receiving regular interest payments, as well as a return
Why focus on learning the lingo of investing? Even if you decide to choose a professional investment manager, it is important that you understand what that person is telling you. Remember Gwen? She trusted her money to a stockbroker whose advice cost her half her life savings. Don’t l
Jane has organized her papers and completed the cash flow and net worth statements. She has a better idea of where she needs to go, but no idea how to invest. Jane is afraid of taking any risk, but she knows that some risk is necessary. But, Jane also realizes that until she started t
Once she has her credit report in order, our heroine Jane investigates whether to refinance her home. For most people, their mortgage is their largest debt. Of course, since borrowing money costs money, banks and mortgage companies charge interest. Do you know what interest the mortga
Take all your tally sheets and put them in front of you. If you go online and look up this article on Cash Flow on ChesapeakeCurrent.com, you’ll find a “Cash Flow Worksheet.” This shows you how much you are taking in as income and how much you are spending on a monthly basis and provi