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Tip of the Day If You Don't Understand How An Investment Works, Don't Buy It

If You Don't Understand How An Investment Works, Don't Buy It - One of the most common mistakes made by people is buying things that they don't understand, and that...

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George Soros

Definition: George Soros is one of the top investors of the last couple decades.  He is largely known for his bet against the British pound, which resulted in a one-day profit of $1 billion.

Advice: George Soros managed the Quantum Fund, a wildly-successful hedge fund, for nearly 30 years.  He rose to fame in 1992 when he shorted the British pound so heavily that the British government was forced to devalue it, netting him a $1 billion profit.  For this reason, many people in the UK still despise him.


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Definition of the Day Employee Stock Ownership Plan

Employee Stock Ownership Plan - an Employee stock ownership plan is a trust by a corporation to its employees. It is a plan to make the employees part owners of the company by allowing them to purchase shares of the company. Contributions are made by the employee to the...

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