Today’s fantastic family finance article is:
Putting your money into something is usually pretty easy.
A pocket. A purse. A piggy bank. A checking account. A savings account. A prepaid card. A stock. A bond. A mutual fund. An ETF. An automated portfolio.
Pulling your money out? Not always so easy.
There might be a market to make. A penalty to pay. A time to wait. A rule to follow. A fine print to find.
Pulling your money out of an investment can be hard — even impossible at times. See the robo advisor fine print example in today’s article.
The bottom line to share with your kids: know the liquidation rules going in, so there are no surprises coming out.
Get tomorrow’s tip here.