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Tip of the Day Be Patient

Be Patient - Your friend has just gone out and bought a state of the art computer with all the bells and whistles and after looking at your slowpoke old...

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Level 2 Asset

Level 2 Asset - Level 2 Asset as determined by FASB 157, is an asset, or assets which do not have a fair market value that when looked up, but instead is able to calculate from other data points. A level 2 asset might list on a non-active market, or be valued by a specific pricing model. Financial assets and liabilities whose values are based on quoted prices in inactive markets, or whose values based on models, but the inputs to those models are observable either directly for substantially the full term of the asset or liability. Level 2 asset inputs include restricted stock.

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Definition of the Day 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...

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