A cheque or check (American English) is a document (usually a piece of paper[nb 1]) that orders a payment of money. The person writing the cheque, the drawer, usually has a chequing account where their money is deposited. The drawer writes the various details including the money amount, date, and a payee on the cheque, and signs it, ordering their bank, know as the drawee, to pay this person or company the amount of money stated.

Cheques are a type of bill of exchange and were developed as a way to make payments without the need to carry around large amounts of gold and silver. Paper money also evolved from bills of exchange, and are similar to cheques in that they are a written order to pay the given amount to whoever had it in their possession (the "bearer").

Technically, a cheque is a negotiable instrument[nb 2] instructing a financial institution to pay a specific amount of a specific currency from a specified demand account held in the drawer/depositor's name with that institution. Both the drawer and payee may be natural persons or legal entities. Specifically, cheques are order instruments, as reflected in the formula "Pay to the order of..."—they are not in general payable simply to the bearer (as bearer instruments are), but rather the payee must endorse the cheque, possibly specifying by order to whom it should be paid.

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A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.

In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.

The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.

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Pet Friendly Travel with Private Jets

Just recently, President Obamas’ family dog "Bo" traveled to Maine on a private jet. He arrived safely at the Bar Harbor Airport where he was able to join The First Family on vacation. This is no surprise to the millions of pet owners who consider them to be members of the family. Today, pet friendly hotels & vacation rentals are appearing all over the U.S, enabling pets to join their owners on vacation. While pet-friendly accommodations can be easy to find, it is often transporting your pet to your destination that is the trouble. Many pet owners tend to board…

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Enhanced Airport Security Causing Shift towards Private Jet Charter

A recent article written by Hugo Martin from the LA Times talks about the rising demand for charter jets and rental cars. The writer explains that this increase is directly related to the new enhanced airport security measures and overcrowded commercial flights. According to a recent Zogby International survey, 42% of those polled claim the enhanced pat-down search techniques and increased use of full body scanners would cause them to use a different mode of transportation. Meanwhile, the commercial airlines have not made it any easier for fliers while they continue to add more headaches for travelers. As the economy…

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About Private Jets is your one stop private jet charter resource. Our goal was to create an online marketplace that connected the user to a wealth of information - all in one place. At, we provide not only a quick efficient quoting tool, but also a resource for all things private jet charter related. From the ability to chat with other private jet user via our online forum, to locating a convenient airport, has what you are looking for.

What was the Purpose of Creating

Our goal at was to create a site that set itself apart from other air charter sites out there. Yes, we understand the need for a quick on-line quoting tool, but what about those users that are not sure exactly what they need to quote? Chartering a private jet means entering a whole new realm of travel for some people – and we wanted to create a site that was not only pricing tool, but an informative resource for those individuals that were new to the world of private jets. Let’s face it, there is a lot to learn when you first embark on your private jet search – and who do you turn to for those answers? This is where steps in. We are helping private jet patrons of all experience levels get the direct answers they are looking. We want to save people time and confusion when it comes time to book their first (or next) private air charter.

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The New Bombardier Global Jets

This week, Bombardier announced the introduction of two new business jet models, the Global 7000 and the Global 8000. The new jets, set to be delivered in the year 2016 and 2017, are also the most expensive jets in the industry. With a $65 million dollar price tag, these new private jets will cost more than the $58.5 million Gulfstream G650.

The new Global jets are designed with a 4-zone cabin and seats up 10 to 19 passengers comfortably. Powered by next-generation GE engines, the Global 7000 business jet can fly 7,300 nautical miles while the Global 8000 offers a range of 7,900 nautical miles. With this range, they can make nonstop trips from New York to India or Los Angeles to Australia. The Global 8000 cabin is over 50 feet long and 8 feet wide – making it the largest cabin in its class. These jets will also lead the industry in terms of low fuel burn and low emissions, a sign that aircraft companies are making steps toward creating better fuel efficient jets. In addition, they are also fully equipped with the latest navigation technology - including an advanced cabin management system.

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Places a Private Jet Can Take You

National Geographic, the source for scientific and educational information across the globe, is offering travelers the chance to take the trip of a lifetime via private jet. Their new expedition titled "Around the World by Private Jet" includes a 24 day journey across five continents. Each expedition includes a team of world class experts who will accompany the travelers throughout this unforgettable voyage. Highlights include stops at 12 UNESCO World Heritage sites including the Taj Mahal, the Pyramids of Giza and Machu Picchu. The October 2011 departure begins with a welcome reception at the National Geographic Society headquarters in Washington, D.C. The next 7 days, the group will travel to Lima, Easter Island (Chile), Samoa and then they have the choice of visiting either the Great Barrier Reef or the Daintree Forrest in Australia. From days 13 to 21, the group will visit Cambodia, China, Tibet, India, Tanzania and Egypt. The last stop will be Marrakech, Morocco, where they will spend two days visiting places such as the Koutoubia Mosque and Djema el Fna. After Morocco, the travelers head back to Washington, D.C.

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Charter a Jet to These 2011 Winter Events

As the New Year quickly approaches, we’re reminded that winter is here to stay for the next few months. While many believe exciting events happen only during the spring and summer, we here at tend to disagree. That's why we have decided to take a look at some travel worthy winter events happening around the country. After looking at the descriptions below, you may feel the same way we do. Start the New Year off by filling up your travel calendar today!

New York National Boat Show
Are you a boat enthusiast? Why not head to New York City for the New York National Boat Show? Check out the latest boats, yachts and personal watercraft on display. While you are there, be sure to visit other attractions including fishing & boating education sessions, the History of Boating exhibit, and also meet Russell Newberry from the Discovery Channel's Deadliest Catch television show. This annual event is held at the Jacob Javits Convention Center from January 19th - 23rd.

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Private Jet Charter Brokers Offset Emissions with the

Joining the global effort to both increase awareness, and respond to the need for clean air and renewable energy, private jet charter broker Imperial Jets is taking steps to offset the fuel emissions released into the atmosphere on their chartered flights. In partnership with the Imperial Jets is donating hundreds of dollars per flight to causes supported by the effort. supports three types of carbon offset projects: renewable energy, energy efficiency and reforestation. Each type plays an important role in the fight against climate change. The projects supports meet the same high standards that thousands of companies, organizations, and governments rely on to ensure quality environmental protection.

As more travelers are choosing to avoid hectic airport terminals, and commercial airlines, private charter brokers are seeing a quickly growing demand for trips. It's important that we do our part to protect the environment as our industry gains popularity, says Howard Gollomp, CEO of Imperial Jets. The cause is fantastic.

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Why Choose Jet Charter Media for Your Private Jets?

Flexibility in Destination

With as little as one phone call or simply by filling out our quote request form, you could be on your way to discovering the convenience of flying a private jet charter. With Jet Charter Media, you can find the finest service for all your private jet needs whether it be a weekend away with family or the most demanding business itinerary. With over 5000 destinations worldwide, business or pleasure, Jet Charter Media will make the luxury of private jet travel an everyday convenience.
Avoid Crowded Commercial Terminals

Unlike flying with the commercial airlines, jet charter clients travel anywhere, anytime on their choice of over 2000 world class private jets. Clients NEVER wait in long airport security lines or busy commercial terminals. Discover why Jet Charter Media has been connecting more and more discerning travelers with the ultimate in private charter service.

We understand that truly luxurious travel is carefree travel, a sense of ease and plenty of pampering. To create the ultimate jet charter experience, we connect you with personal flight consultants who deliver truly excellent service standards. Every step of the way-from the moment you begin planning your flight through your stay at one of over 5000 destinations served by Jet Charter Media charter companies–your personal flight consultant will take care of you, and every detail, exactly as you request

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Credit card

A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services.[1] The issuer of the card creates a revolving account and grants a line of credit to the consumer (or the user) from which the user can borrow money for payment to a merchant or as a cash advance to the user.

A credit card is different from a charge card: a charge card requires the balance to be paid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. Most credit cards are issued by banks or credit unions, and are the shape and size specified by the ISO/IEC 7810 standard as ID-1. This is defined as 85.60 × 53.98 mm (3.370 × 2.125 in) (33/8 × 21/8 in) in size.

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Learn how to Invest and Make Money by Investing

If you are interested in learning the fundamentals of investing, you have come to the right place. Our primary mission is to educate the people how to invest in the stock market and other investment opportunities.
The information here will help you to better understand the stock trading and other investment vehicles. I will teach you how to invest your money for the greatest possible gains while reducing the associated risks in the stock market and other investing opportunities.

The lessons I have learned during my investment career are passed on here to help guide you through the sometimes confusing world of the stock market. This information will give you the knowledge and expertise to make informed decisions regarding your portfolio.

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Structured Settlements - What are they?

Many people have been compensated for injuries sustained in an accident Until 1982, such compensation was usually accomplished by payment in a lump sum. A change in Federal law that year created what are now known as structured settlements, an alternative to lump-sum payments where the injured party receives monthly or annual payments over a period of time.

A structured settlement can offers several advantages over a one-time, lump sum payout. With a structured settlement, the security of long-term income is guaranteed. If the victim is confined to a wheel chair or needs constant bed rest and nursing attention, a structured settlement can make certain that sufficient funds will be in hand to pay for the care. This allows the patient and/or their family to concentrate on health care without having to be overly concerned with the machinations of investing a lump-sum payment.

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Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a business or corporate debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization). An involuntary bankruptcy petition may not be filed against an individual consumer debtor who is not engaged in business.

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Cash advance

A cash advance is a service provided by most credit card and charge card issuers. The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit. For a credit card, this will be the credit limit (or some percentage of it).

Cash advances generally incur a fee (to replace the interchange fee normally charged to the merchant on a card transaction), although this is sometimes waived if the account is in credit. When made on a credit card, they are usually charged at a higher rate of interest than store purchases, and generally do not attract an interest-free period which is customarily given to cardholders who pay off their bill in full every month.

Under card scheme rules, a credit card holder presenting an accepted form of identification must be issued a cash advance over the counter at any bank which issues that type of credit card, even if the cardholder cannot give his or her PIN.

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Investment is putting money into something with the hope of profit. More specifically, investment is the commitment of money or capital to the purchase of financial instruments or other assets so as to gain profitable returns in the form of interest, income (dividends), or appreciation (capital gains) of the value of the instrument.[1] It is related to saving or deferring consumption. Investment is involved in many areas of the economy, such as business management and finance no matter for households, firms, or governments. An investment involves the choice by an individual or an organization, such as a pension fund, after some analysis or thought, to place or lend money in a vehicle, instrument or asset, such as property, commodity, stock, bond, financial derivatives (e.g. futures or options), or the foreign asset denominated in foreign currency, that has certain level of risk and provides the possibility of generating returns over a period of time.[2]

Investment comes with the risk of the loss of the principal sum. The investment that has not been thoroughly analyzed can be highly risky with respect to the investment owner because the possibility of losing money is not within the owner's control. The difference between speculation and investment can be subtle. It depends on the investment owner's mind whether the purpose is for lending the resource to someone else for economic purpose or not.[3]

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Investment is putting money into something with the hope of profit. More specifically, investment is the commitment of money or capital to the purchase of financial instruments or other assets so as to gain profitable returns in the form of interest, income (dividends), or appreciation (capital gains) of the value of the instrument.[1] It is related to saving or deferring consumption. Investment is involved in many areas of the economy, such as business management and finance no matter for households, firms, or governments. An investment involves the choice by an individual or an organization, such as a pension fund, after some analysis or thought, to place or lend money in a vehicle, instrument or asset, such as property, commodity, stock, bond, financial derivatives (e.g. futures or options), or the foreign asset denominated in foreign currency, that has certain level of risk and provides the possibility of generating returns over a period of time.

Investment comes with the risk of the loss of the principal sum. The investment that has not been thoroughly analyzed can be highly risky with respect to the investment owner because the possibility of losing money is not within the owner's control. The difference between speculation and investment can be subtle. It depends on the investment owner's mind whether the purpose is for lending the resource to someone else for economic purpose or not.

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The Basics 4 ways to snag the best reward card

To maximize your payoff, do the math. Size up your own travel and spending habits, as well as the rebates, rewards and rules.

By Liz Pulliam Weston

Years ago, credit card reward programs were simple: There werent any.

Then Discover came along with its cash-back offer, and airlines hooked up with banks to issue credit cards that earned frequent flier miles.

Today, consumers face a bewildering array of ways to earn, and spend, credit card rewards:

* A credit card can contribute to a retirement account, score theme-park tickets or knock thousands off the price of your next car.
* You can convert miles into hotel stays or restaurant meals -- or use them where you stay and eat to earn extra miles.

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How-To Guide: Reduce Your Debt

Millions of Americans out there have paid off significant credit card debt. Now it's your turn. In short, your get-out-of-debt goal is to assess, organize, attack, and then lather, rinse, repeat until those balances are down to $0.

Don't worry; we're with you every step of the way.

Here's your six-step action plan for getting your debt under control. To help you, we've borrowed several worksheets from the Fool's old personal finance service, TMF Green Light. As you'll see, most of the steps have corresponding worksheets to guide you through the finish line. Take it at your own pace, and check off each step with a thick-line Sharpie when you're done. (Trust us, it's satisfying.)

1. Stop using your cards.
The last thing you want to do with credit card debt is add to it. Take all your credit cards out of your wallet or purse and leave them at home - safely out-of-reach behind a major appliance, or trapped in an ice block in your freezer. (You may want to keep one for emergencies. And no, a really great sandal sale or a cool new Bluetooth-enabled gadget does not qualify as an emergency.)

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Will Credit Card Consolidating Help?

For many American’s, a debt crisis is imminent and adopting a stricter budget won’t be enough to lessen their current credit card strain. There is a great need for a credit card consolidating program that offers a more decisive and effective action and a real financial solution to ease some of the pressure from monthly bills.

Credit card consolidating can ease the payment burden and get you back on your feet again. With our credit card consolidating experts on your side, your credit card payments may drop by as much as 60% while cutting your payback period from up to 30 years to just 24-48 months! Take the first step with our Free quote and credit consultation to see if one of our alternatives to loans can be the best fit for your situation. It costs you nothing to learn more and may just save you thousands!

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Is debt consolidation good?

Debt consolidation is favorable for those who're struggling to manage multiple debts and cannot afford to make several payments each month. Debt consolidation program gives them a way out by which they can replace multiple bills with one low monthly payment and pay off debt with ease. When you consolidate debt, you pay less each month and save thousands of dollars. Check out the 8 benefits of debt consolidation.

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Debt consolidation

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest.

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Payday Loans

Payday Loans are designed for easy access to credit – most payday loan lenders will accept all manner of cases and will have very simple criteria. This usually means applicants must: be at least 18 years of age, have a minimum monthly income (around £300 or less) and be a UK resident. These payday loans (no credit check required) are processed on application and money is received quickly – often the same day.

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Payday loan

A payday loan (also called a paycheck advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card (see cash advance). Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.

Some jurisdictions impose strict usury limits, limiting the nominal annual percentage rate (APR) that any lender, including payday lenders, can charge; some outlaw payday lending entirely; and some have very few restrictions on payday lenders. Due to the extremely short-term nature of payday loans, the difference between APR and effective annual rate (EAR) can be substantial, because EAR takes compounding into account. For a $15 charge on a $100 2-week payday loan, the APR is 26 × 15% = 390% but the EAR is (1.1526 − 1) × 100% = 3,685%. Careful reporting of whether EAR or APR is quoted is necessary to make meaningful comparisons.

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Home-Equity Loans: What You Need To Know

A home-equity loan, also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes. Home-equity loans exploded in popularity in 1996 as they provided a way for consumers to somewhat circumvent that year's tax changes, which eliminated deductions for the interest on most consumer purchases. With a home-equity loan, homeowners can borrow up to $100,000 and still deduct all of the interest when they file their tax returns. Here we go over how these loans work and how they may pose both benefits and pitfalls. (Learn more in Protect Yourself From HELOC Fraud.)

Two Types of Home-Equity Loans
Home-equity loans come in two varieties - fixed-rate loans and lines of credit - and both types are available with terms that generally range from five to 15 years. Another similarity is that both types of loans must be repaid in full if the home on which they are borrowed is sold.

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Open-End TIPS Mutual Funds

An investor can buy or sell shares in an open-end TIPS mutual fund at any time without a brokerage account. A search on Morningstar returned 66 funds in the "Inflation-Protected Bond" category with no load, an initial investment of $10,000 or less, and an expense ratio of 1.0% or less. That's plenty to choose from.

More dollars are invested in the Vanguard Inflation-Protected Securities Fund (VIPSX) than any other fund in this group. It's ten times the size of the Fidelity fund and almost 100 times the size of the T. Rowe Price fund. There's a very good reason: the Vanguard fund has the lowest expense ratio.

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TIPS Mutual Fund vs Individual TIPS Bonds

Just like there are mutual funds which invest in stocks, there are also mutual funds and ETFs that invest in TIPS. A TIPS mutual fund is especially a great way to invest in TIPS. It offers convenience and diversification at a low cost.

Buying TIPS through a mutual fund (or an ETF) is a good idea. The advantages of buying TIPS through a mutual fund include:

1. Buy at any time without a transaction fee. Although there is no charge to buy individual TIPS bonds at auctions through certain places (Fidelity, Schwab or TreasuryDirect), the auctions only come up a few times a year. If you want to buy individual TIPS bonds when there's no auction, you must use a brokerage account and buy on the secondary market. Some brokerage firms charge a commission for bond orders. Vanguard charges minimum $40. You also pay a higher price ("markup") than the wholesale price when you buy on the secondary market. Or you will just have to wait until the next auction, but the prices will have changed by then. You can buy shares in a TIPS mutual fund at any time without a transaction fee.

2. Instant diversification. A TIPS mutual fund holds about 20 bonds with different maturities. You get all of them with one purchase. If you are buying individual TIPS bonds, they don't come on auction at the same time. You must wait for the auctions or pay commissions to establish your positions.

3. Sell at any time without a transaction fee. If you have individual TIPS bonds, there is no fee if you wait until they mature. If you want to sell before they mature, you may have to pay a commission. TreasuryDirect charges $45. Vanguard charges at least $40. You also receive a lower price ("markdown") than the wholesale price when you sell on the secondary market. If you sell shares in a TIPS mutual fund, you receive the Net Asset Value for each share, without having to pay a transaction fee.

4. Buy or sell for any random amount. Minimum additional investment in the Vanguard TIPS fund VIPSX is $100. Want to buy $456.78? No problem. The individual TIPS bonds are in $100 increments at TreasuryDirect or in $1,000 increments in a brokerage account.

5. Reinvest interest payments immediately without charge. If you have individual TIPS bonds, you must hold the interest payments elsewhere. Reinvesting in another TIPS bond is also subject to the auction cycles and $100 increments at TreasuryDirect or $1,000 increments in a brokerage account. The most convenient way to reinvest the interest payments from an individual TIPS bond is putting it into a TIPS mutual fund. TIPS mutual funds typically offer automatic dividend reinvestment for free.

6. Easy tax handling (for taxable accounts only). Individual TIPS bonds in a taxable account have a unique phantom income issue. Both the interest payments and the inflation adjustment are taxable, although the latter is not paid out until the bond matures. A TIPS mutual fund shields that issue away from the investor. You receive regular dividends from the fund and you get a Form 1099-INT at the end of the year, just like you do when you invest in any other mutual fund.

All these convenience come at a cost of 0.20% a year for the Vanguard Inflation-Protected Securities Fund (VIPSX). That's $20 a year for each $10,000 invested. If you invest $100,000 or more in TIPS, Vanguard's fund offers Admiral shares which cut down the expense ratio to 0.11%, or $11 a year per $10,000 invested. The cost is very reasonable. Why bother buying individual bonds then? Because,

1. Low expenses. If you buy at auctions and hold to maturity, there is no extra expense. If you buy a large amount of TIPS, you can save money by building your own fund with individual bonds. Fidelity, Schwab and TreasuryDirect charge no fee or commission if you buy at auctions and hold to maturity. Even if you buy on the secondary market, as long as you buy long-term bonds in large quantities and you hold the bonds to maturity, a one-time commission and markup spread over many years can be less expensive than having to pay an ongoing expense year after year.

2. Be your own fund manager. You get to decide what maturity you buy. When you buy fund shares you buy a basket. The fund's (experienced) managers decide what to buy and when to buy. With individual bonds, now you become the (amateur) manager for your own fund. Want short maturities? Buy 5-year notes. Want long ones? Buy 20-year bonds.

Buying at auctions and holding to maturity is not that hard. Please read more in the TIPS Auctions section. But buying TIPS through a mutual fund is more convenient and very cost-effective.

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