Word: encouragementâ
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...Year. To Thomson, investing in the market is no gamble, and he has statistics to prove his point. Under Merrill Lynch encouragement???to the tune of $400,000?the University of Chicago's Center for Research in Security Prices recently studied all stock-price changes since 1926, carried out 56,558,000 computerized transactions. Result: a long-term profit that varied according to tax bracket: a tax-exempt institution would have earned 9% per year on its investment since 1926; an individual in the $10,000-a-year bracket, 8.2%; and one in the $50,000-a-year bracket...
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