FDIC - FDIC Insured - Federal Deposit Insurance Corporation

What is FDIC (Federal Deposit Insurance Corporation) and FDIC Insured?

  I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …

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Municipal Bonds - Munis

What are Municipal Bonds or Munis?

  What is a municipal bond? Municipal bonds are debt securities issued by cities, states, counties, or other local governments. They are also commonly known as Munis, and could be issued for 1 to 10 years. Why is a municipal bond issued? These bonds are issued to raise funds for public projects like highways, schools, …

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Teaching Kids About Personal Finance

Get Your Kids Excited About Personal Finance!

Parents, I know that teaching your child just about anything can get tricky, especially if it’s part of a complex subject. Such subjects may also be considered “Boring” by your child (Although, to be fair, as a child, even you probably thought these subjects were boring. But, hopefully, now you don’t, and it’s about time …

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What is a Mutual Fund MF

What are Mutual Funds (MFs)?

  Howdy Wall Street Willy! I have one really big question for you. Yes, what is it? What is a Mutual Fund? Well, a Mutual Fund is basically a kind of fund where people pool or put together their money to let their mutual fund managers invest it in stocks, bonds and other things. Whoa, …

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