Closed-end funds

Friday, December 4th, 2009

A closed-end fund is a registered investment company, just like the open-end mutual fund. But a closed-end fund issues a fixed number of shares that trade in the secondary market just like shares of any publicly traded company. As the closed-end fund have a fixed number of shares, the investors get an opportunity to gain [...]

Holiday sale

Friday, December 4th, 2009

There have been reports that the sales have soared on Friday, after Thanksgiving. The sales have been better than last year. Analysts expect the stores to post a 2.3% sales increase for November, whereas there was a decline of 7.8% last year.
Most of the shopping for the season started on Thanksgiving, when most of the [...]