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From CFP Board: Just starting out? You need to make smart financial decisions - and a plan. That's the message from Eleanor Blayney, CFP®, the consumer advocate for Certified Financial Planner Board of Standards, Inc., in the first segment of the non-profit organization's Lifelong Financial Strategies initiative. The first stage - "Starting Out" - focuses on ways Generation Y can avoid some of the pitfalls of earlier generations by making smart financial decisions today and establishing smart financial habits for a lifetime. "Young people today face significant financial challenges - and opportunities, especially in this economy," Blayney said. "Most start out their adult lives with more debt than assets. At this stage, it is crucial to set goals, get out of the negative, and create a sound financial plan." Tips for this phase, which focuses on people 18-25 years of age, cover such topics as: fight the urge to splurge; understand the new rules; do the car math; keep score; and commit now to good credit habits ...
From ICI: Bond mutual funds - like all mutual funds - involve investment risk, including the possible loss of principal. A fundamental principle of investing known as the risk/reward tradeoff means that when you make an informed decision to assume some risk, you also create the opportunity for reward. Investors should be aware of the risks and potential for losses associated with bond mutual fund investing. How do the risks and returns of bond mutual funds compare with those of other investments? Investing in bond mutual funds usually entails less risk-and less reward-than investing in stock mutual funds. Similarly, bank accounts and money market funds entail less risk and less reward than do bond mutual funds. Money market funds invest in very short-term, high-quality securities and attempt to maintain a constant share price (value). However, an investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency ...
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