Saturday, May 22, 2010

Term of the Day - invest

To engage in any activity in which money is put at risk for the purpose of making a profit, and which is characterized by some or most of the following (in approximately descending order of importance): sufficientresearch has been conducted; the odds are favorable; the behavior is risk-averse; a systematic approach is being taken; emotions such as greed and fear play no role; the activity is ongoing and done as part of a long-termplan; the activity is not motivated solely by entertainment or compulsion; ownership of something tangible is involved; a net positive economic effect results. (