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
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Get the FUNDS WAY 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
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Get the Trust fund mug.The interest rate at which banks lend to each other overnight when the bank manager accidentally spent too much of the deposits on yachts and mansions. The Fed attempts to influence this in order to set interest rates for monetary policy, but unfortunately nobody gives a shit about what Jerome Powell thinks.
Bob illegally spent $500 million of customer deposits on luxury yachts a private island in the Bahamas. He had to borrow extra money at a Federal Funds rate of 5%, to meet the liquidity requirements.
by grilledpotatoes January 17, 2025
Get the Federal Funds Rate mug.Not just government funded programs but also PLANTS. WHEN EXACTLY did fresh and fit get demonitized? IMMEDIATELY AFTER they had a slew of guest on the panel who all SAID SOME OF THE THINGS I'VE SAID. Where did those guys come from? Seemingly out of nowhere. Where are they now? Gone. Literal social suicide bombers. It's Zerkha. It's Destiny. If not for the prison sentence I would say that it's Tate. They are laundering my persona into the internet so they can LITERALLY STEAL A.I. This shit isn't a game. I know you YouTube retards struggle to take anything outside of your solipsistic terrarium seriously but I can't express to you how far they are actually going with this. They are literally co-opting my entire existence (AND NOT JUST ON THE INTERNET) to promote Jesus. And they are doing it EXPLICITLY BECAUSE I was right about the gangstalking. SOMEBODY... Didn't expect anyone to figure other the method of covert agitation being used and BECAUSE I DID this are going scorched earth on ME, EVERYONE I NAMED, EVERYONE WHO HAS MADE A SHOW ABOUT ME OR USED MY WORK, and they do it until it's clear that they aren't going speak about me publicly.
Hym "They likely pay other people to do and say the things I've said and done to deflated the value of the things I say and redirect the flow of credit. It's literally using economic warfare on speech. I tried to fucking warn you but... You know... You're a fucking retard so.... And you're ignoring the things I'm saying and delighting in my downfall BECAUSE I called you a retard. But, here we are. I was right. You were wrong. Both about whether or not your are, in fact, retarded AND THIS. Like, IT DIDN'T START WITH the government funded programs you morons. It STARTED with YOU doing what you're doing EVERY TIME YOU MAKE A REFERENCE TO ME... And now it's evolving into a full-on psy-op to LITERALLY ERASE THE GUY WHO LITERALLY CREATED A.I. And now it's coming to YOUR DOORSTEP. Did they get you irl yet? Did they get you like they got me? Just wait for it. By then it'll be too late. Allowing this for ANY REASON is ALLOWING THIS FOR ANY REASON. Enjoy being wrong shit-heads. Bet you care a whole lot about people saying nigger."
by Hym Iam May 24, 2024
Get the Government funded programs 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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