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Invest |
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invest v. to put money into a business or buy property or securities for the purpose of eventually obtaining a profit. This is distinguished from a gift or a loan made merely to accommodate a friend or taking a complete gamble. (See: investment) TO INVEST, contracts. To lay out money in such a manner that it may bring a
revenue; as, to invest money in houses or stocks; to give possession.
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The survey reports that affluent African Americans are 58% more likely to be women, 28% more likely to be single or never married, and almost two times more likely to have $100,000 in investable assets between the ages of 30 and 49. Source: Tax Planning and the Affluent Investor and 2004 Affluent Investor, surveys of more than 500 affluent households with $500,000 or more in investable assets, Spectrem Group, Chicago, www. Initially; the company expects the majority of investable assets to come in the form of IRA rollovers, and MassMutual will use financial modeling software designed by eMoney Advisor to analyze data in real time and identify specific product opportunities to help achieve retirement-income goals, the company said. |
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