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Tip of the Day Have An Emergency Fund

Have An Emergency Fund - In life, things happen that we don't expect, car breaks down or an appliance dies, and unless you have an emergency fund tucked away you...

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Floor Trader

Definition: People or firms who have memberships to a stock exchange are allowed to be on the floor to buy and sell stocks.  The people you see running around buying and selling stocks are called "floor traders."  These memberships can upwards of $1 million for a "seat" on the exchange.

TeenAnalyst Advice: Floor traders have high-intensity, high-risk, and high-stress jobs.  They're responsible for executing all of the large orders from their firm.  These aren't usually small trades, either.  It's not unusual for floor brokers to buy or sell 50,000 shares at a time.

 

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Definition of the Day Unit Linked

Unit Linked This type of fund is usually found in Great Britain and it has many different assets linked to the overall fund. This is usually part of a life insurance policy and each life insurance contribution that you make will be linked to other aspects of the fund. This...

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