December 22, 2008
Balance Fund
60% in stocks and 40% in bonds (sometimes a 50/50 split). Stocks are typically dividend producing, so it offers both interest and dividends. Good for a short term retirement or emergency fund.
Filed under Money Glossary by Tracy Phaup
Ginnie Mae is the common name for the Government National Mortgage Association – GNMA. Ginnie Mae provides guarantees on mortgage-backed securities (MBS) backed by federally insured or guaranteed loans, mainly loans issued by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), Rural Housing Service, and Office of Public and Indian Housing . Ginnie Mae securities are the only MBS that are guaranteed by the United States government.
Filed under Money Glossary by Tracy Phaup
