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Sylvia Bloom
Sylvia Bloom ( 1919 – 2016) was an American legal secretary. By copying her bosses' investment decisions she secretly accumulated a significant fortune and donated the bulk of it——for scholarships for underprivileged students upon her death. She lived modestly in a rent-controlled apartment, and even her closest friends and family did not know about her wealth. Bloom's story garnered widespread acclaim, shedding light on other unassuming individuals amassing substantial wealth and donating to local causes upon their death. Her financial success showcased the potential of long-term investing. However, debate arose over the legal and ethical issues in her investment method, citing potential misuse of confidential client data. Other critics argued for prioritizing intentional generosity and impact during one's lifetime rather than solely through inheritance. Biography Sylvia Bloom was born in Brooklyn, New York, around 1919, to Eastern European immigrants. She grew up during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brooklyn, New York
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behind New York County (Manhattan). Brooklyn is also New York City's most populous borough,2010 Gazetteer for New York State . Retrieved September 18, 2016. with 2,736,074 residents in 2020. Named after the Dutch village of Breukelen, Brooklyn is located on the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executor
An executor is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form, executrix, may sometimes be used. Overview An executor is a legal term referring to a person named by the maker of a will or nominated by the testator to carry out the instructions of the will. Typically, the executor is the person responsible for offering the will for probate, although it is not required that they fulfill this. The executor's duties also include disbursing property to the beneficiaries as designated in the will, obtaining information of potential heirs, collecting and arranging for payment of debts of the estate and approving or disapproving creditors' claims. An executor will make sure estate taxes are calculated, necessary forms are filed, and . They will also assist the attorney with the estate. Additionally, the executor acts as a legal conveyor who designates where the donations will be sent using the information left in ''bequ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insider Trading
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information is illegal. This is because it is seen as unfair to other investors who do not have access to the information, as the investor with insider information could potentially make larger profits than a typical investor could make. The rules governing insider trading are complex and vary significantly from country to country. The extent of enforcement also varies from one country to another. The definition of insider in one jurisdiction can be broad, and may cover not only insiders themselves but also any persons related to them, such as brokers, associates, and even family members. A person who becomes aware of non-public information and trades on that basis may be guilty of a crime. Trading by specific insiders, such as employees, is commonl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legality
Legality, in respect of an act, agreement, or contract is the state of being consistent with the law or of being lawful or unlawful in a given jurisdiction, and the construct of power. According to the Merriam-Webster Dictionary, legality is 1 : attachment to or observance of law. 2 : the quality or state of being legal Businessdictionary.com, thelawdictionary.org, and mylawdictionary.org definition explains concept of ''attachment to law'' as ''Implied warranty that an act, agreement, or contract strictly adheres to the statutes of a particular jurisdiction. For example, in insurance contracts it is assumed that all risks covered under the policy are legal ventures.'' The second definition cited by Businessdictionary.com, the ''Legal principle that an accused may not be prosecuted for an act that is not declared a crime in that jurisdiction'' is actually about the Principle of legality which is part of the overall concept of legality. Definitions Vicki Schultz states that we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buy And Hold
Buy and hold, also called position trading, is an investment strategy whereby an investor buys financial assets or non-financial assets such as real estate, to hold them long term, with the goal of realizing price appreciation, despite volatility. This approach implies confidence that the value of the investments will be higher in the future. Investors must not be affected by recency bias, emotions, and must understand their propensity to risk aversion. Investors must buy financial instruments that they expect to appreciate in the long term. Buy and hold investors do not sell after a decline in value. They do not engage in market timing (i.e. selling a security with the goal of buying it again at a lower price) and do not believe in calendar effects such as Sell in May. Buy and hold is an example of passive management. It has been recommended by Warren Buffett, Jack Bogle, Burton Malkiel, John Templeton, Peter Lynch, and Benjamin Graham since, in the long run, there is a high co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coattail Investing
The coattail effect or down-ballot effect is the tendency for a popular political party leader to attract votes for other candidates of the same party in an election. For example, in the United States, the party of a victorious presidential candidate will often win many seats in Congress as well; these Members of Congress are voted into office "on the coattails" of the president. This theory is prevalent at all levels of government. Popular statewide candidates for governor or senator can attract support for down ballot races of their party as well. This is prevalent in the United Kingdom and Canada especially in a general election. People have a tendency to vote on the basis of a political party instead of the MP for their area. This also refers to the phenomenon that members of the U.S. Senate or House of Representatives are more likely to be voted for on a year of the presidential election than a midterm. The "coattail effect" is not usually caused by popular candidates co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
