46

why don't they just say "The numbers below include fees" or "don't include"?! Because these are accounting documents, and the terms accountants use are "gross" and "net". Think, for example, of your paycheck. Your gross pay is your rate multiplied by hours (plus bonuses, etc). Your pay net taxes is what you get after taxes are deducted. Your net pay is ...


10

Bank of America is the party that closed your account, so you need to talk to Bank of America. Specifically, you should speak with the department that they tried to transfer you to in the first place—risk management.


10

There's no way to definitively say why people were buying or selling at X, but here's a few possibilities: A merger may take months to complete, so rather then holding stock that's already priced slightly below the merger price, accept a small haircut and reinvest the proceeds in other stocks that will have higher returns There is a risk that the merger ...


2

Like hedge funds, private equity funds charge high management fees as there is potential for strong gains, but it's also high risk. If private equity investors find an existing company that they believe is underperforming and they buy it with the intention of turning it around, there is a lot of risk involved with this (and yes, research and due diligence). ...


1

Today's (02/08/2020) New York Times has an article which addresses this question. The electronic version has the title More States Require Students to Learn about Money Matters. Author is Ann Carrns. The article states that as of now, 21 states require some sort of personal finance course for high school students to graduate, up from 17 states two years ...


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