Anyone who creates a bullshit company that doesn't do anything but gets tons of government grants and subsidies because they fuck guys in high places.
by Publius0987 August 8, 2025
Get the Taxpayer Funds Money Launderer mug.by VICEISDEAD June 21, 2024
Get the FUNDS WAY mug.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 just short of "$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. A share valued at $1 or $1.50 less than a decade ago went for the equivalent of $568 before a 1:5 stock split; aviation stocks were similarly overpriced.
That was a lot of money in those days, so those who couldn't afford to buy a 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 just short of "$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. A share valued at $1 or $1.50 less than a decade ago went for the equivalent of $568 before a 1:5 stock split; aviation stocks were similarly overpriced.
That was a lot of money in those days, so those who couldn't afford to buy a 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 December 15, 2025
Get the bucket fund mug.A phrase (written in uppercase) expressing absolute disdain for reducing or removing funding for charities or services.
Originally featured in the Maxis PC game "Sim City 2000", spoken by the Transportation spokesman if funding for his department was less than 100 per cent.
Originally featured in the Maxis PC game "Sim City 2000", spoken by the Transportation spokesman if funding for his department was less than 100 per cent.
Taxation spokesman: Let's raise taxes to increase funds.
Transportation spokesman: YOU CAN'T CUT BACK ON FUNDING! YOU WILL REGRET THIS!
Transportation spokesman: YOU CAN'T CUT BACK ON FUNDING! YOU WILL REGRET THIS!
by OzzieWanker85 October 30, 2025
Get the YOU CAN'T CUT BACK ON FUNDING! YOU WILL REGRET THIS! mug.(noun): A flimsy business venture started by an overprivileged adult child who inherited a substantial windfall and mistakenly believes that their wealth alone qualifies them to run a successful company. However, their grandiose delusions and lack of experience often lead to poor decision-making and questionable business practices, making it clear that their venture is a hustle that no one should trust. A Trust Fund Hustle is a half-baked idea fueled by privilege and arrogance that's more likely to crash and burn than succeed.
"If you're serious about playing the guitar, stay away from that Trust Fund Hustle of a brand and invest in something more reputable."
"If you want a guitar that's worth your money, steer clear of that Trust Fund Hustle of a brand. Word on the street is that it's funded by the owner's grandmother, it's bound to disappoint in the long run. Save your money and invest in a more reputable brand that's built on quality, not just cheap china imports."
"If you want a guitar that's worth your money, steer clear of that Trust Fund Hustle of a brand. Word on the street is that it's funded by the owner's grandmother, it's bound to disappoint in the long run. Save your money and invest in a more reputable brand that's built on quality, not just cheap china imports."
by dogfartsarewarm February 20, 2023
Get the Trust Fund Hustle mug.It would be wrong, nay dumbfounded, to accuse Seth MacFarlane of being a really creepy guy. In safer reality, MacFarlane is merely a trust fund band. His entire existence, net worth, power and popularity can be traced entirely to his enormous trust fund that he inherited from his father who was a senior executive at Baskin Roberts. A hard pill to swallow: Seth MacFarlane is a trust fund band. It has been a successful meme since 2011.
Me: Seth MacFarlane? I've heard that he is a proud benefactor of the Baskin Roberts trust fund band!
Other: Cram it, fundie! His shows have been shit ever since I discovered Baskin Roberts.
Me: Well, it's just the facts.
Other: Cram it, fundie! His shows have been shit ever since I discovered Baskin Roberts.
Me: Well, it's just the facts.
by Baskinbros January 25, 2024
Get the Baskin Roberts trust fund band mug.Sarcastic term for da sizeable wad of cash dat a lying chat-contact from Ghana or Nigeria asked you to send to him/her, supposedly in order to give said foreigner confidence dat you're "for real" prior to his traveling overseas to meet you in person. Doubly a bad idea for you to actually comply with, of course, since (A) this OTHER person should conceivably be da one to prove to YOU dat he/she is legit, since presumably you will likely be da one who will be paying for most of da person's expenses if he/she comes to see you, and (B) most likely said conniving moocher is merely trying to con money out of you, and in reality has no actual intention of ever making any travel-plans to hang out with you.
by QuacksO March 22, 2023
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