The FAQs Thread

#2
Some trivial stuff :
Women aspirants will find hardly any role model of same sex
This point just reminded me of:
Hetty Green (1834-1916) : $1,000,000 to $100,000,000 in 50 years
Pamela Dale: Lawyer at General Electrics ($11.3b under Management)
Gwyneth Ketterer: Chief Operating Officer of Bear Steams Merchant Banking ($1,5b under management)
Marge Magner Co-head of Brysam Gold Partners ($1b under management)

Source: www.statistik.uni-karlsruhe.de/download/WiF.ppt

Requesting Other Members To Put Up Basic Stuff In This Thread.
 
#9
The SEC's Introduction To Mutual Funds is much precise and informative.

Advantages:
* Professional Management Professional money managers research, select, and monitor the performance of the securities the fund purchases.

* Diversification Diversification is an investing strategy that can be neatly summed up as "Don't put all your eggs in one basket." Spreading your investments across a wide range of companies and industry sectors can help lower your risk if a company or sector fails. Some investors find it easier to achieve diversification through ownership of mutual funds rather than through ownership of individual stocks or bonds.

* Affordability Some mutual funds accommodate investors who don't have a lot of money to invest by setting relatively low dollar amounts for initial purchases, subsequent monthly purchases, or both.

* Liquidity Mutual fund investors can readily redeem their shares at the current NAV plus any fees and charges assessed on redemption at any time.

But mutual funds also have features that some investors might view as disadvantages, such as:

* Costs Despite Negative Returns Investors must pay sales charges, annual fees, and other expenses (which we'll discuss below) regardless of how the fund performs. And, depending on the timing of their investment, investors may also have to pay taxes on any capital gains distribution they receive even if the fund went on to perform poorly after they bought shares.

* Lack of Control Investors typically cannot ascertain the exact make-up of a fund's portfolio at any given time, nor can they directly influence which securities the fund manager buys and sells or the timing of those trades.

* Price Uncertainty With an individual stock, you can obtain real-time (or close to real-time) pricing information with relative ease by checking financial websites or by calling your broker. You can also monitor how a stock's price changes from hour to hour or even second to second. By contrast, with a mutual fund, the price at which you purchase or redeem shares will typically depend on the fund's NAV, which the fund might not calculate until many hours after you've placed your order. In general, mutual funds must calculate their NAV at least once every business day, typically after the major U.S. exchanges close.


If you decide to invest in mutual funds, be sure to obtain as much information about the fund before you invest. And don't make assumptions about the soundness of the fund based solely on its past performance or its name.
 
#10
Q&A: How can you tell a Quant from a Trader?

Two guys walk into a room and find a bag of cash under the table...

The first guy thinks: This is crazy. Anyone could walk in here and take this money.

The second guy says to himself: Cool. What's the worst thing that could happen if I just took this money?

Which guy is a Quant and which Trader?

The first guy is a Quant. By training he wouldn't think of taking the money if it wasn't compensation for hard labor and sweat. The second guy is a Trader. The situation is simply an opportunity with possible consequences.

;)
 

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