No, not all mortgages are portable, but most fixed-rate and tracker home loans allow you to transfer the debt to a new property subject to passing current affordability checks. Moving house is stressful enough without worrying about losing a great interest rate. If you have a favorable deal, keeping it seems like a no-brainer. This […]

Yes, all U.S. registered mutual funds are 40 Act funds, meaning they must strictly comply with the Investment Company Act of 1940 regulations. Investors often hear legal jargon thrown around when reading a prospectus. The term “40 Act” appears frequently in financial documents. You might feel confused about what this actually means for your money.

No, many mutual funds are passively managed index funds that track market benchmarks rather than relying on active stock picking decisions. New investors often assume a professional manager hand-picks every stock in a mutual fund. This misconception leads to higher fees and surprise tax bills. While active management used to be the standard, the industry

No, while most are open-ended, closed-end funds and interval funds exist with fixed share counts and different trading rules. New investors often use “mutual fund” as a catch-all term. You might assume every fund operates the same way: you send cash, they create shares, and the portfolio grows. That is how the vast majority of

No, most mutual funds are not tax exempt; generally, only municipal bond funds provide tax-free income, while standard funds trigger annual taxes. Investing in mutual funds offers a simple way to build wealth, but it often comes with a complex tag-along: the IRS. Many beginners assume their investment gains stay safe until they sell shares.

No, not all mutual funds are tax free; most trigger taxes on dividends and capital gains annually, though municipal bond funds offer specific exemptions. Investing in mutual funds is a smart way to build wealth. However, many new investors get a rude surprise when tax season arrives. You might see your account balance grow, but

No, mutual funds differ heavily by asset class, management style, fees, and risk levels, so treating them as identical can hurt your returns. Many new investors assume that once they decide to buy a mutual fund, the hard work is done. They might think a fund is simply a basket of stocks or bonds, and

No, Navient services both federal and private student loans, meaning your specific account type determines eligibility for government relief programs. Many borrowers feel confused when they see the Navient logo on their billing statements. You might assume your loan is federal because you took it out for school, or you might think it is private

No, most remain active; the 2022 settlement only cancelled specific private subprime loans that were delinquent for seven months before mid-2021. Headlines regarding student loan cancellations often create more confusion than clarity. You might see news about billions in discharged debt and wonder why your balance remains unchanged. The confusion stems from the fact that

No, the 2022 settlement only cancelled specific private subprime loans; federal loans serviced by Navient were not cancelled but transferred to other servicers. Millions of borrowers saw headlines about a massive settlement and stopped paying their bills. That is a dangerous mistake. The agreement between Navient and 39 state attorneys general was specific. It targeted