| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 381.1 | Everyone started somewhere | SOLVIT::CHEN | | Thu Feb 11 1993 10:36 | 19 |
| re: .0
Don't feel bad about not knowing all those terms. Everyone in here have
all started from zero. :-)
One of the good books to get started with is "Whealth Without Risk" by
Charles Givens (sp?). You can by it from a bookstore, or borrow it from
a good library. This book is written in plain English. So, it's easy for
a beginner to understand. Also, this book gives you some basic rules in
investing. However, when you are more experienced with these stuff,
you'll find out that Many things stated in his book are overly simplified.
Nevertheless, it still is a good book to get started. Then, read up
some publications such as Money, Kipplingers or anything you can get
your hands on. The more you read, the better your investing knowledge
will get.
Have fun!
Mike
|
| 381.2 | Best rule for investors: Ask every question you can think of! | MAST::SCHUMANN | Save the skeet | Tue Feb 16 1993 15:17 | 25 |
| Micro-glossary:
No-load: There's no transaction charge to buy it.
Load: A transaction charge for buying Mutual Fund shares, expressed as
a percentage of the purchase price.
Mutual Fund: A bunch of people put in money, fund manager invests
the money on behalf of the owners. There are many kinds
of funds. Some invest is stocks, some in bonds, etc.
Most funds are open end, i.e. you can put money in at any
time, and take it out at any time. When you take money
out, you get your share of the current value of the fund's
assets.
Prospectus: Every fund is required to have a prospectus. This document
tells you what they invest in, how they've done in the
past, how much money they have in the fund, etc.
open end: mutual fund that accepts additional investment money on
a continuing basis.
closed end: mutual fund that doesn't accept new investments.
--RS
|
| 381.3 | Glossary corrections | VSSCAD::SIGEL | | Wed Feb 17 1993 12:45 | 30 |
| Re .2
> Micro-glossary:
>
> open end: mutual fund that accepts additional investment money on
> a continuing basis.
>
> closed end: mutual fund that doesn't accept new investments.
These definitions are incomplete and incorrect, respectively.
A closed-end fund is one for which shares are traded on a stock
exchange or similar market, and whose buying and selling price
per share is determined by the price investors are willing to pay,
which can be higher or lower than the actual asset value per share.
An open-end fund is one for which shares can be sold at any time
by a holder of the fund for a price equivalent to the shares' portion
of the total assets of the fund. The price at which shares are
purchased is either the same asset-based price (if a no-load fund),
or that price plus a commision, or load.
That a mutual fund may be closed to new investors is irrelevant.
Vanguard Windsor fund (SAVE Fund C) is closed to new outside
investors (DEC's SAVE plan, however, is considered an established
"investor", so anyone in SAVE can invest their SAVE money in
Fund C), but it's an open-end fund because the cost of a share is
entirely asset-based.
-- Andrew
|