What Is a Custodial Account? How It Works and How to Open One
A custodial account is an investment account that's in a child's name but managed by an adult. Used for transferring wealth, it's irrevocable.
Source: businessinsider.com
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What Is a Fiduciary? Definition and Importance
A fiduciary must act in the best interest of a client or customer. Attorneys, bankers, and company board members are all examples of fiduciaries.
Source: businessinsider.com
Where to Invest When Interest Rates Are Low: the Best-Yielding Assets
When interest rates fall, income-seeking investors need new options. These six assets offer the best returns at varying degrees of risk.
Source: businessinsider.com
Unit Investment Trust (UIT): What It Is and How to Invest
A unit investment trust (UIT) is a type of investment that offers a fixed portfolio of stocks, bonds, and other assets for a set period of time.
Source: businessinsider.com
Consumer Price Index (CPI): Definition, How It Is Used
The consumer price index (CPI) measures inflation and is a vital economic indicator with broad influence on financial decision-making and government economic policy.
Source: businessinsider.com