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Tip of the Day Build a Nest Egg that is 25 Times the Annual Investment Income You Need

Build a Nest Egg that is 25 Times the Annual Investment Income You Need - When it comes time to retire are you going to have enough money to live...

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Specialist

Definition: A person on a trading floor who is responsible for managing the inventory of certain stocks.

TeenAnalyst Advice: If you went to the NYSE and saw all of the action going on, you could point out the specialist pretty easily.  The specialist is located near "booths" where specific stocks are traded.  He or she matches to buyers and sellers together to complete trades.

Each specialist manages about 2-3 different stocks.

 

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Definition of the Day Exchange Privilege

Exchange Privilege - An exchange privilege is a special feature, which are offered in some of the mutual funds families which allow investors to switch, or swap, from one mutual fund with a family unit to another within the same family fund unit, without paying any additional sales charges. The...

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