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
by kybe11 November 15, 2021
by nationaIdaycreater November 12, 2021
When, in an effort to remove genital lice, one or both parties shave their pubes into a sink, bucket, or other vessel, then light the contents on fire and use bodily fluids to put out the fire.
Bro, she wouldn't get with me last night until I performed an Alabama Crab Bucket. She wanted to see for herself to make sure everything was cool down there.
by Curtis Claymore May 20, 2025
by Help me123 May 28, 2021
The funny/suspicious Indian guy had a few things on his bucket list-
1) Go skydiving.
2)Finish a Nascar race going the wrong way the full race.
3) Wrestle Darryl Stingley (an item he had to remove from the list in 2007 before he got to do it).
1) Go skydiving.
2)Finish a Nascar race going the wrong way the full race.
3) Wrestle Darryl Stingley (an item he had to remove from the list in 2007 before he got to do it).
Kid- Hey mister, wanna wrestle? I always wanted to try you.
Darryl Stingley- Not today. Really my wrestling future isn't looking bright tomorrow or after tommorrow either kid, don't add it to your bucket list.
Darryl Stingley- Not today. Really my wrestling future isn't looking bright tomorrow or after tommorrow either kid, don't add it to your bucket list.
by The Original Agahnim June 23, 2021
Another point is not to try and live someone else's life, or what you think they have on their bucket list to try and outdo them at, but to live your own life without having to make a bucket list. You already know what you do want to do, but if it always ends up being something somebody else does that you want to beat them at or break a record, and that's what you base your entire existence on, you miss the point of it all. Why spend your entire life trying to outdo somebody else at their life? That's not much of a life. Why try to have all the same experiences as someone else, when you can already do things they never could? (for females having babies is one of them, along with things females get to do that males don't, though you never hear about female privilege, it's not a term for a reason, females don't allow anybody who would say it a voice)
Of all the things a female could decide to do in life that nobody else has ever done, it's a disappointment when they still try and do what males have already done, thinking that the grass is really greener for males. Things were as good as they were going to get for everybody, but some people still wanted them to change as part of some unoriginal bucket list.
by Solid Mantis February 01, 2021