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Saving early for retirement
Saving early for retirement

... age or year when you plan to retire. Target-date funds are available in many retirement plans. If your plan doesn’t offer them, you can invest in a few index funds to replicate a target-date fund’s asset allocation for your age. This tactic requires periodic adjustments to follow the target-date fun ...
Economics 104B - Lecture Notes Part III
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... include endogenous taxes such that the amount of taxes paid varies with the level of income. In this case, the effect on the consumption function is more complicated. But for now, it’s OK to think of taxes as “lump sum,” so that a tax change just shifts the consumption function up or down. ...
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Investment fund



An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.
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