Like a Personal Pension Plan , but the plan holder calls the shots in terms of which investments fill the plan. See Bid-Offer Spread . See Day Trader . In the latter case, stamp duty starts to be charged at 60,000. An index of 500 of the biggest and bestest companies in American industry.
Investors purchase stock as a way to own a part of a publicly traded business.
Woody Allen described a stockbroker as someone who invests your money until it has all gone. Normally it is a middleman who buys and sells shares on your behalf and earns commission on the transactions. Considered by many to be the fifth-oldest profession after prostitutes, pimps, tax collectors and accountants. Accurately reflects what you get if you cash in your endowment before its time. On average, it takes more than seven years for the surrender value to equal the money you've put in.