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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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Penny Stock Reform Act of 1990


Penny Stock Reform Act of 1990 - In 1990, United States Congress brought into effect this act which was designed to force brokers and penny stock dealers to gather and keep information about any person who wanted to purchase penny stocks. This information was then utilized to determine the possibility of fraud, and allowed the Securities and Exchange Commission, known as the SEC, to be able to determine whether the purchaser was attempting to manipulate the price of penny stocks or otherwise alter the appearance of the value of the stock. This was primarily to protect beginning investors from abuse by unethical experienced dealers and brokers.

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Definition of the Day Appraisal Ratio

Appraisal ratio - An appraisal ratio is a ratio used to study a mutual funds managers performance with the mutual funds investments that he chooses. They higher the ratio, the better the performance of the manager. The job of the mutual funds manager is to pick the investments that will...

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