Word: investors
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Dates: during 1950-1959
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Under the plan, an investor agrees to buy up to $10,000 worth of the trust's shares with monthly or quarterly installments over any period from ten months to ten years. (He can stop his program at any time, without penalty.) In addition to buying mutual fund shares (at net asset value plus an 8½% commission), his installments pay the premiums on a term group life insurance policy, written by the John Hancock Mutual Life Insurance Co. and covering the unpaid balance of his investment program. A maximum 50? custodian and accounting fee is also deducted from...
...rapidly after the outbreak of World War II as the British sold their overseas properties to pay for the war. In 1949, the trend was reversed, and as Britons built up their dollar reserves, they turned once more to Canadian ventures. But Britain, for many years the leading outside investor in Canada, has long since yielded first place to the U.S. The British stake in Canada at the end of 1952: $1.8 billion; U.S. holdings: $8 billion...
Last week Exchange members, voting on a proposal to increase commissions another 15%, turned it down by a vote of 573-532. Instead, the Exchange will try to boost volume through a plan suggested by President Keith Funston, a Wall Street newcomer: a way of selling stock to small investors on the installment plan. Under Funston's plan, a small investor who wants to buy one share of stock may do so by making a small monthly payment (minimum: about $40) to his broker. The money will be turned over to a bank, which will pool it with funds...
Along with his many other distinctions, Chicago Tribune Publisher Robert R. McCormick is probably Canada's largest single foreign investor. His holdings, worth some $50 million by his own estimate, are scattered from western Ontario to the St. Lawrence River. Canada's McCormick-land now includes two big paper mills, two hydroelectric plants, some 8,179 sq. mi. of leased timber lands...
Where Is the Small Investor...