I’ve been looking up the meaning of some common terms in the stock industry to be able to talk to my broker. Here are some good ones:
LEVERAGE -- System for removing cash caught in the fingers of suspicious customers
APPRECIATION -- What brokers fail to show after taking all your money off you in exchange for shares which nose-dive
ARBITRAGE -- Legalized way of betting both ends against the middle
ASSET ALLOCATION -- Diversification of investments for risk management purposes, such that the lion's share ends up in the broker's hip pocket
AUTOTRADER -- Computer program which lets an amateur investor blow his savings without having to press the buttons himself
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