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Tip of the Day Pay All Credit Card Balances In Full Each Month

Pay All Credit Card Balances In Full Each Month - It is necessary to pay all credit card balances in full each month to prevent paying extremely high interest rates...

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Closed-End Fund

Definition: A closed-end fund is one that issues a fixed number of shares.  These shares are traded on stock exchanges in a similar fashion to stocks.

Advice: If you're planning on investing in closed-end funds, you should understand that--unlike open-end funds--their price is derived from supply and demand rather than the assets underlying the portfolio.  Because of this, the closed-end fund market is often seen as inefficient from a pricing standpoint.

 

Discuss It!

Jonny Boy said:

I have this Jodi - let me know if you like it: The closed-end funds are mutual funds that issue only a finite number of shares for public consumption. The mutual fund trading price is set as a closed-end fund often influenced by the supply and demand for the shares outstanding. This is in contrast to other mutual funds that tend to trade based on the net asset value of the underlying certificate. The conditions of the fund announced at the time of the initial public offering. If the stock certificates are selling at less than net asset value, the fund is trading as a discount. Amount is equal to market value.

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Definition of the Day Clientele Effect

Clientele Effect - Clientele effect is the tendency for security investors with a similar strategy to invest in securities and specific companies that meet their specific set of requirements, or criteria, especially when it comes to financing terms. An example of this would be investors who are looking to find...

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