Lecture 4: The Key Financial Instruments
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up your emergency savings account, start thinking about putting
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have historically been taxed at lower rates, so these are known as tax-
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as a combination of taxable accounts and tax-sheltered accounts,
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% The second thing to remember is that if you invest in a bond fund,
the duration of that fund will determine how much the fund will rise
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long-term bond funds on average have a higher rate of return over
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% The other characteristic of bond funds you need to consider is
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most important reason to pay attention to this is because government
bonds may be tax advantaged, in which case you should put them in
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