Seven Investment Terms Everyone Should Know

Written by Tim Gorman

For those who have never given their financial future a second thought,repparttar term "Financial Planning" could be a scary one. Investments can be a smart way to invest money for your future, but it can be confusing for those who have no experience inrepparttar 146420 financial business. Before you consult a financial planner it is wise to become familiar with some ofrepparttar 146421 terminology that you are likely to hear from him or her.

* Mutual Fund-An investment made with money that is collected by individuals with an investment goal in mind. The mutual fund is handled primarily buy a person known asrepparttar 146422 fund manager. Mutual funds are easy and cost efficient, since you are not responsible for makingrepparttar 146423 decision as to where to investrepparttar 146424 money.

* Asset Allocation Fund-A mutual fund that incorporates several types of investments such as stocks, bonds, real estate, and foreign stocks. These are typically forrepparttar 146425 small investors who want to invest in a variety of funds in order to maintain a constant return.

* Risk-Return Trade-Off-This isrepparttar 146426 amount of money that you can stand to lose versusrepparttar 146427 amount of money you are willing to invest. Investments that are low-risk often have low payoffs, while investments that are high risk usually have higher payoffs. When investing money you must determinerepparttar 146428 amount of money you can lose before determining how much money you will invest and where you will invest it.

Errors on Your Credit Report: What You Should Do

Written by Tim Gorman

There are times when you may be turned down for credit and you do not understand why. According torepparttar Fair Credit Reporting Act you are entitled to a free copy of your credit report if you have been denied credit because of negative items on your credit report within 60 days ofrepparttar 146419 request for credit, if you are unemployed but looking for work, are on welfare, or believe that your credit report is incorrect because of fraud. You may also receive a copy of your credit report for a small fee at any time in which you want to reviewrepparttar 146420 information contain therein.

If you dispute any ofrepparttar 146421 information on your credit report, there are steps that you,repparttar 146422 credit reporting agency andrepparttar 146423 information provider must take to haverepparttar 146424 information corrected or deleted form your report. 1. You should contactrepparttar 146425 credit reporting agency and request thatrepparttar 146426 inaccurate information be taken off. To do this you will need to send a letter of request and enclose a copy ofrepparttar 146427 report withrepparttar 146428 incorrect information highlighted. Send your request certified mail and indicate that a return receipt is requested. 2. The Credit reporting agency will forwardrepparttar 146429 request torepparttar 146430 information provider at which time they will review and investigaterepparttar 146431 request. Ifrepparttar 146432 information cannot be verified, then they must remove it. They can either correct or denyrepparttar 146433 request to changerepparttar 146434 information. They will then send their findings torepparttar 146435 credit reporting agency.

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