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Tip of the Day Never Spend More Than 2 Times Your Income On A Home

Never Spend More Than 2 ? Times Your Income On A Home - Half the trick to buying a home is knowing what you can afford to spend...

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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 Turnover

Definition: In mutual funds, it's the percentage of total shares in the portfolio that are traded in a given period (usually a year). TeenAnalyst Advice: Investors prefer mutual funds with lower turnover rates because they have lower fees than those with higher turnover rates.  Also, if a mutual fund is constantly...

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