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Junk bonds are bonds that are low-ranked by credit rating agencies, due to their issuers' sketchy financials. Being riskier, they pay more interest. ....
Capital gains are profits earned from selling an investment or financial asset. Assets held over a year are taxed at lower rates than ordinary income. ....
The Rule of 72 is a math formula that estimates how long it takes something to double or decline in value and illustrates how compounding interest works. ....