Exact(4)
While the Madoff case and others like it have inevitably created conflict between longtime investors fighting to keep their fictional profits and more recent investors trying to recover lost principal, some Beachy investors urged that their own share of his estate should be given to those in greater need.
You have lost principal!
A dollar of fictional "profit" given to one person who has received more than he or she contributed is a dollar that can't be given to a victim that was unlucky enough to have lost principal.
Bernard Madoff is serving a 150-year prison sentence after pleading guilty to operating a massive Ponzi scheme estimated to have cost investors $17 billion in lost principal.
Similar(56)
Those people who have most of their money in corporate bonds or income mutual funds can lose principal.
He said his firm did not use high-yield for clients' accounts because "if people lose principal on a bond, it's like their children have been kidnapped".
It will include catastrophe, or cat bonds, in which purchasers would lose principal if fund flows are triggered by a pandemic outbreak, the World Bank said.
Plenty of shows lose principal actors, but this was one founded on some very specific characters, in some very specific circumstances.
Unlike savings accounts at banks, money funds are not federally insured, but the possibility that an investor will lose principal is considered extremely remote.
Mr. Howard says he worries as much about risk as about reward -- the fund is intended not to lose principal in down markets.
So, anyone who holds loses principal as well as income.
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