see photosCaroline von Tuempling/Getty ImagesClick for full photo gallery: Ten Horrible Reasons To Get Rich If you've heard of trust funds but don't know what they are or how they work, you're not alone. For a large amount of people, they may know one key fact about trust funds: They're set up by [...]
In 1978, Congress decided that Americans needed a bit of encouragement to save more money for retirement. They thought that if they gave people a way to save for retirement while at the same time lowering their state and federal taxes, they might just take advantage of it.
Trust funds are set up as legal entities for the benefit of group or individual. The following is a look at what is a trust fund. A trust fund is a legal entity that holds some type of assets that another person or group will benefit from.The person who receives the benefit of a trust fund is known as the beneficiary.
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The $141 million Catalyst Macro Strategy Fund has returned 42% so far this year using an investment strategy involving leveraged exchange-traded funds, which have been criticized in past years as a minefield for individual investors, reports WSJ.com's Wealth Adviser. Using options, the fund often bets on both a leveraged fund and the companion inverse leveraged fund to fall over time.
© Copyright Carter McNamara, MBA, PhD Applies to for-profits unless otherwise noted. New business leaders and managers have to develop at least basic skills in financial management. Expecting others in the organization to manage finances is clearly asking for trouble.
Managing an organization's financial resources so as to achieve its business objectives and maximize its value. Strategic financial management involves a defined sequence of steps that encompasses the full range of a company's finances, from setting out objectives and identifying resources, analyzing data and making financial decisions, to tracking the variance between actual and budgeted results and identifying the reasons for this variance.
Others look at old photographs and chuckle at the person they used to be. I feel that way when I look back at the columns I wrote before leaving The Wall Street Journal in 2008. It isn't that my financial beliefs changed much during the six years I worked at Citigroup, before returning to journalism this April.
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