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Friday Q & A

Q:  What is the difference between investing in stocks and investing in mutual funds?
A:  When you invest in stock, you only have ownership in one company.  A mutual fund is a collective of various stocks that allows you to have ownership in several companies.  Because mutual funds are diverse, they are generally less risky than [...]

Friday Q & A

Today’s Q & A is related to this week’s homebuying series.  Here are some common questions and their answers.
Condo/townhouse vs house - which is better? 
Well there’s no definitive answer.  Only you know what’s best for you.  Price aside, the main difference between attached and detached housing is lifestyle.  Do you want to share common areas [...]

Friday Q & A

Q: Should I save first or pay down debt?
 
A: This is one of the most frequently asked questions. The answer will vary according to your situation. However, I generally suggest establishing some level of savings (even as little as $500) before accelerating debt payments. Next, you should determine what is [...]