Discretionary income is the money available for spending, investing, or saving after taxes and essential expenses have been paid.
Discretionary income is also known asdisposable, fun, and mad money.Whatever you call it, it’s the money left over after paying your mandatory expenses. What you do with this money matters more than how much money it is. Those with a high disposable income may have much worsemoney habits...
Is a consumer discretionary ETF better than mutual funds? Your approach will depend on your investment goals and risk tolerance. The active management of a mutual fund may be worth the additional fees if it is successful in achieving higher returns through careful analysis and allocation. An E...
What is a Pigouvian Tax? What are the principles of fund management? What government policies can be used to promote productivity growth? What are the policy/policies that restrict dumping behavior? What is a price maintenance policy (strategy)? What is a favorable price policy (strategy)?
The most important thing is just to start building an emergency fund, however small it is. Having even $500 saved can get you out of many financial scrapes. Put something away now, and build your fund over time. » MORE:Tracking monthly expenses: The first step to money success ...
What is the primary objective of financial accounting? Why do we need accounting standards? What is 'de-professionalization' of accounting? Explain. Define accounting equation. What is discretionary reporting in accounting? What is the difference between auditing and accounting?
And remember: You don't know what is going on in thebank accountsof people giving you the lifestyle creep. An image is just that — an image. Thakor recalls that when she had her own wealth management firm, she once met with a prospective client who displayed all the expected status sy...
But unlike an index fund, you don't actually own any of the index's underlying securities. Your performance is tied to an index, which means you are unlikely to fully participate in an index's performance. For example, returns from FIAs and RILAs generally exclude dividends, which tend to...
For example, the S&P 500 is composed of 11 sectors, including communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate and utilities. Please insert Rangey’s pie chart of the 11 S&P 500 sectors ...
Asset management companies arefiduciaryfirms, and are generally used by people with significant assets. They usually have discretionary trading authority over accounts and are legally bound to act in good faith on the client's behalf. Brokerages execute and facilitate trades but do not necessarily ma...