Eduardo Saverin moved from Brazil to Miami with his family in 1992; he was 13 years old. Saverin became a U.S. citizen in 1998, eventually attending Harvard where he met Zuckerberg. They worked together on Facebook in school, with Saverin earning ownership of 4% of the company.
Last year in September, Saverin, thinking ahead, renounces his U.S. citizenship knowing that Facebook will be offered for public ownership in 2012, in an IPO, an initial public offering. Saverin had the foresight to consider that the public may value Facebook shares higher than the private market value; by renouncing citizenship, he saved capital gains taxes on a possible rise in share price.
The amount or difference between the initial purchase price of your investment and what you received after selling your investment sometime in the future.
A dividend is an annual payment made to stockholders from the company’s profits. The dividend yield is calculated by dividing the annual dividend by the price paid for the stock, to determine the percentage dividend yield. For example, if you pay $10 per share for a stock and receive $0.60 in dividend payments annually, then your dividend yield is 6%.
The word “cycle” comes from the Greek word kyklos, meaning cycle or circle. One common definition of cycle is “a periodically repeated sequence of events.”
The idea of a cycle is symbolized by a circle, which, because there is no beginning or end, represents recurrence. The symbolic circle is often divided into segments—often two, such as the Chinese yin and yang or day/night, but more often four segments, like the seasons.
A recognition and understanding of cycles is one way human beings are able to recognize patterns in data. As early humans learned that events in nature recur over and over again with regularity, they developed the ability to plan for the future, which ultimately led to advanced civilizations.
The amount or difference between the initial purchase price of your investment and what you received after selling your investment sometime in the future.