An illiquid security is one that cannot easily be sold or exchanged for cash on a timely basis.
The lack of ready buyers tends to create a fairly sizable discrepancy between what a seller wants and what a buyer is offering, versus an orderly market where assets change hands at high volumes and therefore have high liquidity. An illiquid security should generally be held only if the investor/owner has a long-time horizon, and therefore can handle the risk of not being able to offload the asset easily.
Examples of illiquid assets are penny stocks, micro-cap stocks, and in some cases a normally liquid asset can become illiquid if market demand dries up quickly. An example would be Mortgage-backed securities (MBS) around the 2008 financial crisis. Before 2007 they were very liquid securities, but during the crisis the market for them became highly illiquid.
A naked call is a type of option contract where the seller of a call does not own the underlying security
Retiring abroad requires additional planning to account for visa requirements and currency exchange factors
MSCI Inc is a company that is best known for its global indices. MSCI also provides research and pricing capabilities
Covering a short position means to acquiring the securities which were sold short, and returning them to the broker
Unlevered beta is a measurement of the Beta of a company when the effects of debt (leverage) are removed
The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System
We encourage you to be responsible and keep the future in mind. It's very easy to spend a lump sum right away
The IARD system is maintained by FINRA, and keeps track of all adviser registrations, which states they are licensed in
An investment club is a group that organizes itself for the purpose of pooling dollars and participating in the market
The Falling Pennant (or Bearish Pennant) pattern looks like a pennant turned upside down (the mast points up)