Berkeley CSUA MOTD:Entry 40124
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/05/25 [General] UID:1000 Activity:popular
5/25    

2005/10/16-19 [Finance/Investment] UID:40124 Activity:nil
10/16   So, what happens to shareholders in a mutual fund if the mutual fund
        company goes belly-up?
        \_ I imagine they stand in line with the other Chapter 7 bankruptcy
           debtors. They probably stand pretty close to the front though.
           \_ That sounds mighty suspicious. -op
        \_ The "mutual fund company" just manages the fund. Each fund is its
           own separate entity under the Investment Act of 1930something, and
           owns its assets on behalf of its shareholders, with its own
           board and everything. The managers and its debtors have no legal
           claim on the fund's assets.
           \_ So if the mutual fund place closes shop, do they liquidate the
              funds and return to shareholders, or what?
              \_ yes.
2025/05/25 [General] UID:1000 Activity:popular
5/25    

You may also be interested in these entries...
2013/7/29-9/16 [Finance/Investment] UID:54717 Activity:nil
7/29    http://news.yahoo.com/study-finds-only-28-percent-173022359.html
        Only 28% of millionaires consider themselves wealthy. So it is
        not just my wife!
        \_ People have been using the term "millionaire" as a synonym for
           "rich" for a very long time.  But there's this little thing called
           inflation.  Having a million dollars in 1900 is roughly equivalent
	...
2012/12/21-2013/1/24 [Industry/Startup, Finance/Investment] UID:54568 Activity:nil
12/21   http://techcompanypay.com
        Yahooers in Sunnyvale don't seem to average 170K/year.
        \_ Googlers average $104k/yr? Uh huh.
           \_ what is it suppose to be?
              \_ link:preview.tinyurl.com/a36ejr4
                 Google Sr. Software Engineer in Sunnyvale averages $193k in total pay,
	...
2011/10/24-11/8 [Finance/Investment] UID:54201 Activity:nil
10/24  If I trade my 401K stock on a quarterly basis (reshuffle/reallocate),
       are the gains considered capital gains?  How much is taxed on 401K gains?
       \_ You don't pay taxes on your 401k until you withdraw it.
          \_ Plus you can re-invest your gains again and again without being
             taxed first.  E.g. if you invest $1000 and gain $100, you can
             re-invest the whole $1100, without being taxed on the $100 first,
	...
2010/4/20-5/10 [Finance/Investment] UID:53793 Activity:nil
4/19    I'm thinking of getting Roth IRA. Which company is good/pleasant to
        use? Etrade? Fidelity? Scottrade?
        \_ Buy Silver.  Gold is already overvalued.  We're going to hit
           hyperinflation the likes of which even God has never seen before.
        \_ Local credit union.
        \_ I recommend charlesSchwab
	...
2009/11/21-30 [Finance/Banking] UID:53538 Activity:moderate
11/21   I'm trying to figure out how much I save. Does money I contribute
        to debt (student loans and car loan) considered money I "save"?
        \_ "I'm trying to figure out how healthy I am. I normally
           smoke 2 packs a day but now I've cut it down to just
           1 pack a day. Does the reduction count towards health
           that I hope to 'gain'?"
	...