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Tip of the Day Plan

Plan - Part of retiring without losing your current benefits and standard of living is due to planning for your retirement and starting early. Today the social security people...

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Proxy Statement

Proxy Statement - A proxy statement is a document which the Stock Exchange Committee requires a company to send to their shareholders. This document provides facts concerning matters on which shareholders have to vote. It also shows how management is paid, It also shows potential conflict-of-interest issues. It also includes: information and voting procedures, background information about the nominated directors and the compensation they might get, information about the executive compensation and a breakdown of audit and non-audit fees, paid to the auditor. This statement has to be sent in advance of the shareholders annual meeting, according to the SEC.

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Definition of the Day Over the Counter

Over the Counter – the term over-the-counter is a security that has not met the requirements of the major exchanges so therefore not listed.  These securities are generally thought of as risky investments because they aren’t listed.  It could also be a very small or unstable fund too, which is...

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