Name for an Upper class White boy, of the often skinny pale variety, who believes listening to enough trap and selling vapes to underclassmen will make them black.
by Kekekekekkekekeke April 7, 2020
Get the Lil’ Trust Fundmug. by Compare funds October 17, 2021
Get the Compare fundsmug. 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
Get the bucket fundmug. 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
Get the Fundingmug. A young attractive female who has no, or little, visible means of support, living a wealthy lifestyle through the generosity of a wealthy man. Sometimes the gifting from the man is through make work, such as handling one high dollar real estate deal so that the thrust fund recipient can live off of the commission for a long period of time.
She sells one $20M piece of real estate every year for a commission of nearly 800k - She's a thrust fund recipient.
by Wrangler of Skanks March 12, 2025
Get the Thrust Fund Recipientmug. by VICEISDEAD June 21, 2024
Get the FUNDS WAYmug. 