A source of income, typically used for:
1. Water
2. Midnight Snacks
These funds do not include the use if lights, as they are only used by vampires, and nightowls
1. Water
2. Midnight Snacks
These funds do not include the use if lights, as they are only used by vampires, and nightowls
by Tr0nRinzler October 4, 2022
Get the Gremlin Funds mug.Slang for a person that one could get money from through various means, usually a transactional relationship, and especially where one's only motivation for interaction with the person is acquisition of money.
"If they don't go for the deal, we could always hold the funding hostage."
"I'm going on tinder to find some funding for a better apartment."
"I'm going on tinder to find some funding for a better apartment."
by Gerald The Grandiloquent May 24, 2022
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Get the funde mug.A sort of hedge fund that is invisible to the government and tax implications. It is a legal loophole to use cryptocurrency to get around the bureaucratic policies that would usually stop normal individuals from starting a hedge fund. It does not exist as far as taxes are concerned
I invested in a ghost fund last year. Despite me making money using that investment vehicle, I claimed the taxes in my name instead.
by loosoh June 15, 2021
Get the Ghost fund mug.A primitive version of what today would most likely be a "mutual fund" or similar instrument.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
The origins of the term date to the stock market bubble of the Roaring Twenties, where at the peak of the frenzy individual speculators were offering "$600 for radio" - in this case, not an actual AM radio receiver, but one share of stock in RCA, which was being hyped in those days as vociferously as Internet-related stocks at the turn of the millennium.
$600 was a lot of money in those days, so those who couldn't afford to buy the stock directly would collectively buy into a bucket fund and the bucket fund would buy the stock, hold it briefly, then sell it to repay the individual speculators.
Eventually the bubble burst and everyone lost their shirt.
It seems that everyone these days is peddling mutual funds, exchange traded funds, funds, funds, funds. Banks, trust companies, credit unions, insurance companies... all are getting on the bandwagon and unleashing their most voracious commission salespeople. No wonder, though, as the various inscrutable offerings are a nightmare of fees - front-end loads, back-end loads, management expense ratios - to the point where the modern equivalent to a bucket fund is a leaky bucket where 2% of your life slavings may well be gone every year just in fees. Over a quarter century, that might add up to half your capital.
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
So basically, the leaky bucket fund with its active management has to outperform the market by 2% annually every darned year just to cover all of the bull-shovel fees. Not all of them do. It's a little like a stockbroker proudly pointing out his shiny new boat at the marina only to be asked "but where are the customer's yachts?"
by bitchuck September 20, 2024
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