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Dillon Read (16): Cashing Out On Cornell
These are the kind of profits you get when you buy stock for a price of $3.8 million and several years later sell that stock for $29.9 million — or an almost 800% increase on your investment. In addition, I estimate that Dillon also generated at least $6 million in fees for investment banking and investment advisor services. This results in an estimated total of $32.1 million in profits for Dillon, its leaders and its investors over a seven-year period. Dillon Read Profits on Cornell - An Example of How to Estimate "Prison Pop"
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Dillon Read’s Estimated Total Profits on Cornell Corrections: $32.1 Million
PROFIT #1:
Estimate of Dillon Read Profits on Stock Investments:
$26.1 Million – Return on Investment (ROI) for Dillon Investors of Est. More>>
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Pluralism in action?
Accounting for only nine percent of the student body, Georgetown's Asian community is relatively small compared to Harvard's 14 percent or Stanford's 24. According to Zheng, Co-President of the Asian American Student Association, the importance of race is magnified because of the smaller number of Asian students. "Race can be more of a thing here in determining who hangs out with who," he said. "It was not even an issue at all [in my high school]. It defines you more here."
Zheng thought the comparatively small number of Asians at Georgetown was connected to the school's academic strengths. With an emphasis on the humanities and international relations, he said Georgetown doesn't garner as much recognition among Asians as schools with strong engineering and science programs do. More>>
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Members of the Financial Planning Association offer personal finance ...
I just started a Roth IRA with a yield of about 10 percent in mutual funds (currently $9,000). I'm considering buying additional stock, bonds, or CDs. What do you think? Natalie Michalek: Val you have a good start. Millionaire is kind of like Dr. Evil in Austin Powers though – it doesn't mean as much anymore. The more appropriate question is if you are savings enough to support your desired lifestyle when you stop earning income. With your current savings of 20 percent of gross income, you are living at a reasonable level, but is that your desired goal when you are married with three kids? If you keep up the current level of savings, then there should be no problem reaching your goals.
W.C. in Allen, via e-mail: I recently heard about a tax-minimizing strategy where you try to balance the following retirement investment categories: pre-tax accounts (401(k), IRA), post-tax accounts (Roth 401(k), Roth IRA), and long-term capital gains investments. More>>