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Index funds, are a type of mutual fund, and they are a pretty simple concept in the world of investments. In an index fund, stocks are grouped together from companies included within an index, for instance the S&P 500 or the Dow Jones Industrial Average. The percentage of stock is kept the same as the indexes themselves in an attempt to copy the index. While it’s a rather basic concept, it’s one that for many has proven to work over time.

The Dow Jones Industrial Average (DIJA) is a price weighted index of 30 of the largest, most widely held stocks traded on the New York Stock Exchange. Read more…

Newspaper obituaries notify a large number of people in a short period of time about the death of a community member. Unfortunately, they also provide a list of potential victims to scam artists and thieves seeking emotionally vulnerable and, during memorial services, physically absent targets.

In the pain and confusion following a spouse’s death, you can’t be expected to remember websites and phone numbers for organizations that help uncover the unscrupulous. Read more…

For those of you that are not sure what a California foreclosure is, it is when a homeowner is not able to make principle and interest payments on their monthly mortgage. As a result, the mortgage company will take the property and sell it, which will be stated in the mortgage contract when the homeowner first signs it. This type of foreclosure varies among lenders; it all depends on each individual situation. 

As a homeowner, it is totally up to you if you would like to sell or keep your home during the California foreclosure process. If you prefer not to keep your home, it will actually be sold before it reaches the foreclosure process.

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Dollar-cost averaging is a common method of investing for the long term.

If you’ve been burned before by buying high and selling low, you may want to think about placing your investments on cruise control with dollar-cost averaging.

Dollar-cost averaging is the practice of investing a set amount each month in a particular investment vehicle. As the share price of your investment fluctuates, so will the number of shares your set amount buys. Sometimes you will pay more and sometimes the stock or mutual fund will decrease in financial worth, allowing you to purchase more shares.

Americans set a record in 2004 for investing in IRAs and employer-sponsored savings plans, displaying a renewed interest in this old technique. Read more…

In the current economic environment you will find that California was hit extra hard by the home foreclosure crisis. Many people are suffering and have lost their homes because of it. Some reasons California was hit so hard could have very well been avoided.

1. Banks were lending to unqualified borrowers 2. Too many builders were over building and dumping properties onto investors 3. Real estate agents were artificially inflating home prices in new subdivision through phase releases 4. Home owners had no financial reserve for a rainy day 5.

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The definition of a mid cap varies greatly depending upon who you ask. People may define mid-caps as being companies with a market capitalization between $1.5 billion and $5 billion. Others bump that number up a bit and define them being between $2 billion and $10 billion. In the end, it depends on exactly who you ask. Market capitalization, simply put, is the company’s stock price, multiplied by the number of shares outstanding. It is basically the value the market places on a company.

Large caps are commonly more exciting to some professionals because they are thought to be the safest and most trustworthy. Read more…

President Obama’s home foreclosure program, Making Home Affordable, is a program that provides a number of government-subsidized options for homeowners who are struggling. The goal is for these homeowners to avoid home foreclosure, which helps get the American economy back on track.

There are four different programs available to homeowners under the Making Home Affordable program.

The Home Affordable Modification Program (HAMP) allows homeowners to modify the terms of their existing mortgage to make it more affordable.

For homeowners who have a second mortgage, and have already modified their first with HAMP, the Second Lien Modification Program (2MP) provides the opportunity to modify that second mortgage, so that both payments are more affordable.

The Home Affordable Refinance Program (HARP) is for homeowners who have loans that are owned or guaranteed by Fannie Mae or Freddie Mac.

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