I have money invested in a series of mutual funds through a financial advisor. Every so often, based on market performance, he will sell the funds that aren’t doing well, and re-invest the money in more profitable funds. My question is, when the old funds are sold, does this count as "income" that should be reported to the IRS? I’m a bit confused on the issue.

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I am looking for suggestions as there are so many positions that are out there that I am still not aware of. I do not hold an MBA but a top producer at my firm and willing to start from the bottom as I see the value in learning.
I sell insurance, mutual funds and managed money. Looking to go into something in sales that is more specialized where experience actually means something. Maybe some type of institutional sales. thanks!

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The other day, this guy approched me and asked me if I’d be interested in joining his business. I me with him to day and he explained that he is a financial planner and does, life insurance, mutual funds,and other stuff. I think alot of you know what I’m talking about. Can anyone tell me if this is something worth getting involved with. Are you or do you know anyone in this. What are the pros and cons if any. Thanks

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what are this products, like mutual funds and bonds? What about stocks, how can a company have it’s own stocks to make a commission on. If someone could just tell me the whole day to day routine of a investment planner that would be great.

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I’m looking to get a 30 year term policy from Primerica because it includes a free financial needs analysis. The agent also help me pick mutual funds for my Roth IRA and gave me a morningstar report of those funds.

I hear Primerica term policies are expensive compare to other companies offering term policies. So I was wondering what other companies can do everything that Primerica can?

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I have a question about life insurance and whether it is permissible in Islam. I’ve heard opinions that life insurance is haram because there is an element of gambling and interest (riba). Before I ask the question, I want to explain the different types of life insurance out there.

With life insurance, there are two main forms: term (or temporary) and permanent. Term insurance is a policy that covers a person for a set period of time (usually 10, 20, 30 years, or the time of employment if through work). If the person passes away within this time period, the full death benefit is paid out. If the person stays alive past the policy’s expiration, the policy lapses unless renewed (which will cost a lot more) and the insured gets nothing in return. I personally believe term insurance is haram because there is no guarantee that the death benefit will payout (so it’s basically gambling) and the insured loses all his money in that case.

With permanent insurance, the coverage is for the life of the insured. Permanent insurance is guaranteed to payout a death benefit whenever the insured passes away. So I personally don’t consider permanent life insurance as a gamble because there is a guarantee that it will payout.

Now that we have dealt with the gambling issue of life insurance, let’s take a look at interest (riba). With term insurance, there is interest involved. However, with permanent insurance, you have options. Some types of permanent insurance will invest your premiums into subaccounts instead of a general account. General accounts earn interest. Subaccounts however, act like mutual funds. They are invested into several different stocks and bonds. So if you have a permanent life insurance policy that invests all its account into only stock funds (bonds have an element of interest), you eliminate both the gambling and interest elements which make an investment haram.

So my question to the people out there, is my reasoning and explanation wrong? Does a variable permanent life insurance policy that is only invested in halal stocks, still haram?

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I’m a college student with no bills or payments other than food. I work part time and save 10% of what I make and put it into my Roth IRA. My IRA took a big hit when the economy went bad but has recovered fairly well since. I have over ,000 in it already but I’ve only made about 4% of that investing it in mutual funds. Is there a better option? Should I put some money in a CD? Any suggestions?

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I was thinking of moving some of my savings (about 3k) into a Roth IRA. I’m a few weeks shy of 24 and these current events with the economy has me thinking a lot about my future. I just need someone to explain the process to me in more of a grade school manner. While I was googling about IRA’s mutual funds kept coming up. I’m kinda lost as to what I should do with my savings.

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I am 53 years old a novice at stocks. What little exposure i have had in my opinion i like mutual funds. I have k to invest in retirement i don’t plan on touching this investment for at least 20 years. Can someone please give me a good long term diversified investment portfolio. Thank you for your advice..

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In high school econ class I remember my teacher said when we turn 18 we should start "some kind of savings account" and when we retire it should be a lot of money saved. I thought it was mutual funds account after I googled it it didn’t seem right so can someone inform me on what type of account I’m describing and info about it…. thanks

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Fidelity is charging me per stock trade within my Roth IRA, and I think a yearly charge because I have stocks and not just mutual funds. Are there any cheaper financial companies?

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Im seriousley considering investing with this company and Im extremley scared to lose my money, its a lot to risk and Im not talking small cash either. They seem to be too good to be true and Im not very good at understanding stocks and mutual funds Can anyone tell me any of their experiences or complaints?

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I am turning 30 and want to start investing- however, I’m not looking to invest for retirement, I’m looking to invest to get out of the "rat race". I see online savings accounts, mutual funds, CDs etc. as viable investments with relatively little return. I mean, honestly, anyone making serious money off of CD or savings acct interest is probably already set up pretty nice.

So, I need some advice. I don’t know anything about stocks, so I would probably lose my cash quickly there. But how do I start investing my money for higher returns so that I can benefit from it in the short term?

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I am in my 40′s and my traditional IRA is invested in 7 different stocks and 2 American mutual funds. The total value is around ,000., actually less than my original investment.

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I would like to deposit money into my mutual funds that are in my IRA.

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