Working capital
Current assets minus current liabilities. Roughly, the cash cushion available to run day to day operations.
Where it is explained in full
What a one percent fee costs over a working life. The fee is small. The share of your ending balance it takes is not. The arithmetic is short and worth seeing once, because after that you cannot unsee it.
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Words beside it
- Capital gain
The profit from selling an asset for more than its basis. Taxed differently depending on holding period and account.
- capital gains
The profit you make when you sell something like a stock or investment for more than you paid for it. The government often taxes this profit at a different rate than your regular paycheck income.
- Capital gains tax
Tax on profit from selling something. Lower rates if you held it more than a year.
Ask about Working capital
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