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Meaning / Definition of

Obamanomics

Categories: Economics,

Term used to refer to the overall economic policies of United States President Obama. The term has been used since before the 2008 Presidential election, and includes all of Obama's economic ideas. This includes his plans for revitalizing the economy after the financial crisis, redistribution of wealth, and many other ideas. This term can be used with either a positive or a negative connotation, depending upon the speaker's feelings towards Obama's policies.

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Definition / Meaning of

Family Of Funds

Categories: Mutual Funds, Investing and Trading, Stocks,

Many large mutual fund companies offer a variety of stock, bond, and money market funds with different investment strategies and objectives. Together, these funds make up a family of funds.If you own one fund in a family, you can usually transfer assets to another fund in the same family without sales charges. The transaction is known as an exchange. But unless the funds are in a tax-deferred or tax-free retirement or education savings plan, you'll owe capital gains taxes on increases in value of the fund you're selling.Investing in a family of funds can make diversification and asset allocation easier, provided there are funds within the family that meet your investment criteria. Investing in a family of funds can also simplify recordkeeping. However, the advantages of consolidating your assets within one fund family are being challenged by the proliferation of fund networks. fund networks, sometimes called fund supermarkets, make it easy to spread your investments among several fund families.

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