|
Edward G. Leffler
Edward G. Leffler was an American former salesman of aluminium pots and pans, who introduced in 1924 the mutual fund. He was selling securities for six years before starting the first mutual fund. He was of Swedish descent from Wisconsin. Mutual fund Leffler came up with the idea of creating mutual funds with daily redeemability and continuous issuing of shares at the current net asset value of the fund (NAV). On March 21, 1924, Leffer started the first mutual fund, Massachusetts Investors Trust. Initially, the fund was offering new shares continuously to investors without redemption – Investors were able to redeem their shares starting from September. Leffler also started another fund, Incorporated Investors on November 23, 1925 along with a group of Bostonians. References External links Jasonzweig,.com {{DEFAULTSORT:Leffler, Edward G. Financial services in the United States Investment in the United States Mutual funds of the United States American people of Swedish desce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital') and open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond or fixed income funds, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts. Open-end funds are purchased from or sold to the issuer at the net asset value of each share as of the close ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Graham
Benjamin Graham (; né Grossbaum; May 9, 1894 – September 21, 1976) was a British-born American economist, professor and investor. He is widely known as the "father of value investing", and wrote two of the founding texts in neoclassical investing: ''Security Analysis'' (1934) with David Dodd, and ''The Intelligent Investor'' (1949). His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets. After graduating from Columbia University at age 20, he started his career on Wall Street, eventually founding the Graham–Newman Partnership. After employing his former student Warren Buffett, he took up teaching positions at his '' alma mater,'' and later at UCLA Anderson School of Management at the University of California, Los Angeles. His work in managerial economics and investing has led to a modern wave of value ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jason Zweig
Jason Zweig is an American financial journalist. He has been a columnist for ''The Wall Street Journal'' since 2008. Biography Zweig received his B.A. from Columbia University in 1982. He also studied Middle Eastern history and culture at the Hebrew University of Jerusalem. Zweig began his career in journalism working for the bimonthly journal ''The Africa Report''. He then joined ''Time'' magazine's business section and became a business journalist for ''Forbes'' magazine, later becoming its mutual funds editor. He joined ''Money'' magazine in 1995 and was a guest columnist for ''Time'' magazine and CNN.com. He became a personal finance columnist for ''The Wall Street Journal'' in 2008. Zweig edited a revised version of Benjamin Graham's ''The Intelligent Investor'', published in 2003. His other books include ''Your Money and Your Brain'' (2007), a book on the neuroscience of investing, and ''The Devil's Financial Dictionary'' (2015), a satirical glossary of financial terms. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wisconsin
Wisconsin () is a state in the upper Midwestern United States. Wisconsin is the 25th-largest state by total area and the 20th-most populous. It is bordered by Minnesota to the west, Iowa to the southwest, Illinois to the south, Lake Michigan to the east, Michigan to the northeast, and Lake Superior to the north. The bulk of Wisconsin's population live in areas situated along the shores of Lake Michigan. The largest city, Milwaukee, anchors its largest metropolitan area, followed by Green Bay and Kenosha, the third- and fourth-most-populated Wisconsin cities respectively. The state capital, Madison, is currently the second-most-populated and fastest-growing city in the state. Wisconsin is divided into 72 counties and as of the 2020 census had a population of nearly 5.9 million. Wisconsin's geography is diverse, having been greatly impacted by glaciers during the Ice Age with the exception of the Driftless Area. The Northern Highland and Western Upland along wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services In The United States
financial services in the United States represented 20% of the market capitalization of the S&P 500 in the United States. The U.S. finance industry comprised only 10% of total non-farm business profits in 1947, but it grew to 50% by 2010. Over the same period, finance industry income as a proportion of GDP rose from 2.5% to 7.5%, and the finance industry's proportion of all corporate income rose from 10% to 20%. In 2018 the share of GDP was 7.4% the equivalent of $1.5 trillion in value-added to the economy. The mean earnings per employee hour in finance relative to all other sectors has closely mirrored the share of total U.S. income earned by the top 1% income earners since 1930. The mean salary in New York City's finance industry rose from $80,000 in 1981 to $360,000 in 2011, while average New York City salaries rose from $40,000 to $70,000. In 1988, there were about 12,500 U.S. banks with less than $300 million in deposits, and about 900 with more deposits, but by 2012, ther ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment In The United States
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Funds Of The United States
Mutual may refer to: * Mutual organization, where as customers derive a right to profits and votes * Mutual information, the intersection of multiple information sets * Mutual insurance, where policyholders have certain "ownership" rights in the organization * Mutual fund, a professionally managed form of collective investments * Mutual Film, early American motion picture conglomerate, the producers of some of Charlie Chaplin's greatest comedies * Mutual Base Ball Club (1857-1871), defunct early baseball team usually referred to as "Mutual" in the standings. * Mutual Broadcasting System, a defunct U.S. radio network * Mutual Improvement Association, the name of two youth programs run by the Church of Jesus Christ of Latter-day Saints * Mutual authentication, used in cryptography *"Mutual", a 2018 song by Shawn Mendes from '' Shawn Mendes'' ;Place names * Mutual, Maryland, a community in the United States * Mutual, Ohio, a village in the United States *Mutual, Oklahoma Mutual is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
