Archive for June, 2009
What exactly is a mutual fund, and how do I invest in one?
June 1st, 2009
I have some settlement money that I would like to invest in something that will yield good return. Everyone tells me to put it in a mutual fund. Can someone explain to me what exactly a mutual fund is? Will I be able to cash it out whenever, or do I have to keep it in for a certain number of years? Can I buy a mutual fund through Scottrade? What’s the best mutual fund?
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What is the difference between a margin and cash account for stock trading?
June 1st, 2009
I’m using E-Trade and I am confused about the differences between a margin account and a cash account for stock trading online. Can anyone tell me what is the difference (in general or specific) between a cash trading account and a margin trading account?
How do you cash a US Savings Bond if your name is not on there?
June 1st, 2009
My parents bought me a number of US Savings Bonds when I was a little kid in anticipation of giving them to me as a present when I matured. Well I recently tried to go to a bank and cash them and I was out of luck because not all of the bonds have my name on them, some of them had my mom and some of them had my dads name on there. Some even said PUD and my name. What should I do? Basically my question is that how do you cash a us savings bond when your name is not on it?