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Balanced management

Balanced management incorporates the use of two classes of assets - stocks, bonds - and cash equivalents. Balanced managers adjust the mix of the components to meet client needs, to account for risk tolerance and/or to time the market.

Balanced mutual fund

A mutual fund whose objective is a balance of stocks and bonds. Such funds tend to be less volatile than stock-only funds.

Bear market

A bear market is a sustained period during which the prices for most common stocks is falling

Beneficiary

A person named in a life insurance policy, annuity, will, trust or other agreement to receive a financial benefit upon the death of the owner. A beneficiary can be an individual, company, organization and so on.

Beta

Beta is a measure of relative risk for a stock portfolio. It relates the size of a portfolio's swings to those of the S&P 500. If the value is greater than 1.00, then the portfolio amplifies market movements. If it is less than 1.00 then it dampens the movements. Mathematically, beta is the slope of the regression line between the S&P 500 (less the risk free rate) and the portfolio (less the risk free rate).

Bloomberg

The Bloomberg or Bloomberg machine is a computer terminal attached to a time sharing system containing information on bonds. The computer database contains historical and real time data on corporate and government bond activity. There are also programs for performing yield curve, duration and spread analyses.

Blue chip stock

The common stock of a company with a long history of profitability and consistent dividend payments.

Bonds

Bonds are contracts between the issuer and the holder (owner) under which the issuer promises to pay the holder a regular sum of interest on a schedule of dates (coupons) and to repay the principle on a specified date. Bonds may also include other clauses which complicated the contract, such as call or put provisions and conversion options.

Book value

Book value as related to a tax exempt fund is the carrying figure used for accounting purposes. It is usually, but not always, the original purchase price of an asset. Some states still mandate the use of book value accounting for state and municipal pension funds.

Bottom up investment style

Bottom up investing seeks to identify individual stocks for purchase without regard to economic forecasts or industry weightings. Each stock is chosen or eliminated based upon its own merit..

Bull market

A bull market is a sustained period during which the prices for most common stocks are rising.

   
 

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