by retsuko67 February 13, 2026
Get the Government-funded take 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
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A science fiction story appearing on Apr 13, 2015 based on the exchanges with Uneducated Huckster and Fucking Cartoon. Their followers were using articles from the moron magnet and the Piss Drinking Bastard to refute the publisher of The Ethereal Gazette as Cradle of Filth's social network got a ringside seat at the controversy he invoked engaging the Uneducated Huskster. It made it's emergence on FictionPress.com with a low key word of mouth as it was trolled by factions in the industry using the author's respective screen names over the years. It's noted for using a thesis that picked apart "Dr." Kent Hovind's pseudo-academia as it revisits the first science fiction short story in passing as noted it also cited the Forbes article on "Dr." Kent Hovind.
The short story, The Thing That One Finds, is often mistaken for Real Person Fiction in a fanfiction sense when it's written in a vein similar to The Onion or The Babylon Bee but based on actual research from the findings he did about Hovind and the reverse research of his first science fiction outing also on FictionPress.com. It's based on his retorts of the Young Earth Creationists as they were pissed he revealed he's a Theistic Evolutionist as he was quiet about having an old earth view as a teenager.
by illinoishorrorman February 12, 2018
Get the Thing That One Finds mug.A science fiction story appearing on Apr 13, 2015 based on the exchanges with Uneducated Huckster and Fucking Cartoon. Their followers were using articles from the moron magnet and the Piss Drinking Bastard to refute the publisher of The Ethereal Gazette as Cradle of Filth's social network got a ringside seat at the controversy he invoked engaging the Uneducated Huskster. It made it's emergence on FictionPress.com with a low key word of mouth as it was trolled by factions in the industry using the author's respective screen names over the years. It's noted for using a thesis that picked apart "Dr." Kent Hovind's pseudo-academia as it revisits the first science fiction short story in passing as noted it also cited the Forbes article on "Dr." Kent Hovind.
The short story, The Thing That One Finds, is often mistaken for Real Person Fiction in a fanfiction sense when it's written in a vein similar to The Onion or The Babylon Bee but based on actual research from the findings he did about Hovind and the reverse research of his first science fiction outing also on FictionPress.com. It's based on his retorts of the Young Earth Creationists as they were pissed he revealed he's a Theistic Evolutionist as he was quiet about having an old earth view as a teenager.
by illinoishorrorman February 12, 2018
Get the The Thing That One Finds mug.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 Fund mug.by Gfym2022 April 4, 2022
Get the Pennsylvania Sunday funday mug.A system by which the government guarantees all employed persons in the entire nation will get a certain percentage of their income by the time they retire.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
Wealthy CEO: Oh boy I’m sure looking to retire at age 50 and leave my company to my son/daughter so they may do the same exact thing.
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
by Unquestionably Burdensome July 27, 2023
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