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?"
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by FlawlessJit August 2, 2023
Get the flawless funds mug.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.
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Get the Edge Fund mug.A colloquial term for memories and mental images used for masturbation. The equivalent of "Wank Bank" for people with a vagina.
by UnprofessionalGamers March 18, 2025
Get the Flick Fund mug.An excuse given by parents and or banking institutions and or individuals not to give and or hand over funds due to insufficient funds errors and or to the go get a job salary referral phrases. Usually with reference to a source and or no source where if there is a source needs to be linked and legal and if not the bank and or financial institutions and or individuals will keep returning apologies and or insufficient funds errors and or thanks for trying responses. In rare cases its used as a allowance of investment into specific industries and or individuals like presidents and or bank ceos and or private equity and or funds raising, high net worth and or super wealthy people however rarely hits earth in observable and or useful ways which positively contribute to society other than a forest of new trees and or dramatic visuals of something man made mega structures that crowds of people use and pay fees for otherwise new buildings or some special technology but I cannot say I have seen much modern applications in person. Its mostly online visuals and then some urbanization. Like skyscrapers, trains, computers, electronics, roads and some other applications. Usually and or mostly owned by other people and or industries and more noticeably most recently covered in pay walls and requirements. Also dam walls and bridges or telephone towers.
You have insufficient funds, but the bank is working says everyone except the receiver of the insufficient funds or the sender of the insufficient funds, yours truly. You only, or I only have insufficient funds because I don't have a job say parents. Even if I download the jobs and try and setup the systems to pay myself a salary unless the salary is available and works unless I pay the various lawyer and bank fees from the funds I haven't received yet. I will not receive funds and will keep receiving insufficient funds errors and poor people responses until I single out a rich person and force them to fix the bank which is borderline illegal and shouldn't even have to be done even with law enforcement and a case number and a solicitor which is so extreme for a conservative person to have to do and is also borderline mad said no one ever.
by Patrick the Starfish001 August 12, 2023
Get the Funds mug.An individual who accepts their meager existence in back-offices and gray cubicle rows until they dissipate into pure anonymity but now has an insignificant title change. Frequently excreted on by the rest of the company as a human cesspool, they lurk in the hazy glow of asinine spreadsheets and fruitless excel recreation. Individuals suffering from this syndrome have been known to cope with their existence by extended lunches at ill repute bars playing buck-hunter and talking about how they are "under appreciated". Severe psychological damage and alcoholism are the most commonly experienced byproducts.
Scott B. is not management material, he had a 15 dollar break which shows how poor of a senior fund accountant he is.
And here is our back-office, they are the piece-of-shit (POS) senior fund accountants who crunch our numbers.
And here is our back-office, they are the piece-of-shit (POS) senior fund accountants who crunch our numbers.
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