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CDs are issued by banks as a way of investing money for a certain period of time. Once that period is up, you redeem the CD and get back your money plus interest. You can buy these  from certified brokerage firms or banks. Before you do, there are a number of things you need to look at. Here are 4 important tips that should guide your investment decision:

Insurance

Always make sure that you are buying from a bank that is FDIC insured. If you buy from one that is not, you stand a high risk of losing your money should the bank ran into financial difficulties. You can call FDIC or visit their site to verify… » Read more

There have been a few changes to money market funds. There have been over 750 funds started since 1971 and this totals up to about $3 Trillion in money management. Now when you place $1 into the fund, you will only get $1 out of the fund when you sell your shares. This has been established by the Securities and Exchange Commission (SEC) as a way to provide stability and to reduce some of the risks that investors take with these funds.

Since 2008, many investors have struggled to make money with their funds. It has been found that a number of funds are not turning profitability to their investors due to struggling markets and… » Read more

Raising your children is a hard job as there are many things to teach them and many skills that you hope they are able to learn. One skill parents need to pay attention to is teaching their kids how to manage their money. Learning to save money is a skill and it needs to be taught. Many children are unaware of how quickly they can over-spend money and can easily get into debt. Teaching your children at a young age is the best thing you can do for them. Living within your income means is another way that you can teach your children how to save money and to show them the importance of financial control.

Opening a Roth IRA