Fee Rate Advisory #7 for Fiscal Year 2008

Feb 29

Fee Rate Advisory #7 for Fiscal Year 2008

Pursuant to Section 31(j) of the Securities Exchange Act of 1934, the Commission has determined it must reduce the Section 31 fee rate. Effective April 1, 2008, the Section 31 fee rate for fiscal 2008 will decrease almost 50 percent, from the current rate of $11.00 per million to a revised rate of $5.60 per million.

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Investing

Investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. The word originates in the Latin "vestis", meaning garment, and refers to the act of putting things (money or other claims to resources) into others' pockets.

Differences

The term "investment" is used differently in economics and in finance. Economists refer to a real investment (such as a machine or a house), while financial economists refer to a financial asset, such as money that is put into a bank or the market, which may then be used to buy a real asset.

Investing guide