Perhaps it signifies nothing, but the timing is suspicious. Last December, the Treasury Department announced that it was sharply reducing the annual limit on investments in the inflation-indexed series of U.S. … via Seeking Alpha
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“They are fighting the last war and they’re not seeing they’re facing a new war”
Members of the Rockefeller family took a fight with Exxon Mobil Corp. public Wednesday, challenging the oil giant spawned by their namesake to split the roles of chairman and CEO and focus more on renewable … via 2NEWS.TV
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“This strategy makes the most sense for those looking to fund a college education through a lump-sum strategy and helps answer the questions, ‘How much do I need to invest now, and how much risk do I need to take on?’”
Soaring college costs often force you to think like a portfolio manager. Should you load up your higher education kitty with more stocks than bonds? What about the risk it takes to achieve your goal when you do … via TheNewsTribune.com
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IGM Financial , the country’s biggest independent mutual fund manager, said on Friday its first-quarter profit was essentially flat from a year earlier, as lower taxes offset weaker mutual fund sales and … via Globeinvestor.com
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An asset allocation is a recipe for your portfolio. It tells you what kinds of investments to buy so your portfolio is not too risky, but not too tame. via The Clarion-Ledger
“Only 1.5 percent of industry shares are owned by company executives. The rest is owned by tens of millions of Americans, many of them middle class.”
Denise McCourt says U.S. oil companies are owned by middle-class Americans. The director of the general membership segment at the American Petroleum Institute, a Washington, D.C.-based trade association … via Wheeling News
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“It’s much easier to do today because of ETFs”
Long-term savers typically invest at least half of their money in stocks or stock mutual funds, then allocate a good chunk to bonds and a bit to cash, for liquidity. via Buffalo News
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“It’s surprising, because we did see some pretty good equity markets last month”
Mutual fund sales in Canada plunged sharply to about $300-million in April, from $2.5-billion a year ago. via Globeinvestor.com
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Z ENITH Bank Plc is set to raise fresh funds from the capital market to finance its newly created three mutual funds. via Guardian Newspapers
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The real fun starts now when you can look at your return to make decisions about tax moves in 2008. via Fredericksburg.com
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My wife and I are 52 years old. We’re slogging through a lot of expenses, and we’re nervous about the market. via The Dallas Morning News
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“This is just more of a fishing expedition”
Minnesota tax collectors want to enlist banks — and their electronic records — in their search for the assets of tax cheats.
The state Revenue Department is pushing a plan to collect an extra $10 million a year in outstanding taxes by making banks, credit unions, life insurance companies and money market mutual funds scan their records regularly and pass on data on tax debtors so the state can get its money.
The provision made it into Republican Gov. Tim Pawlenty’s budget recommendations and budget bills in both houses of the Democrat-controlled Legislature — much to the dismay of banks and consumer privacy watchdogs. Read more
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“Goldman is one of a few companies that have done a good job in the middle of this credit crisis, but that’s not to say shareholders shouldn’t have a general right to ratify a compensation program as a check and balance system.”
Wall Street’s high-rolling CEOs live a lifestyle that would make Hollywood movie stars jealous – penthouse apartments, private jets and paychecks tipping $60 million a year. via The Clarion-Ledger
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The $330 billion auction-rate securities market, which collapsed in February after Wall Street firms stopped using their own capital to prevent failures, will “cease to exist,” Citigroup Inc. via Bloomberg
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“What is probably needed is some kind of centralized regulatory treatment”
Critics blasted a Treasury Department call for the $1.8 trillion hedge fund industry to better police itself, saying voluntary guidelines did little to protect investors and regulate the pools of capital. via WTNZ-TV Knoxville
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“And I would use a company like Telus Inc. (TSX:T) as an example”
Expectations are minimal for stock market returns this year and investors are having to work hard to squeeze out every percentage point gain. via CBC News
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CAMDEN : Art as an investment certainly seems attractive. We’ve all read the headlines when Van Gogh, Picasso, Matisse, or Warhol set new auction records. via Village Soup
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Business >> Wednesday April 16, 2008 INVESTING SCBAM set to tap bank’s broad base NUNTAWUN POLKUAMDEE SCB Asset Management, the country’s largest asset manager, hopes to further expand its investor base by … via Bangkok Post
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“The key question is whether the global correction we have seen over the past five months has satisfactorily discounted the economic risks we have faced”
An ad touts Niwot-based Crocs in the latest issue of Rolling Stone magazine. LINK: TheStreet.com’s analysis of Crocs A Janus mutual fund that can profit from rising as well as falling stocks identified Crocs as … via Rocky Mountain News
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“The Target Distribution Strategies represent a whole new approach to mutual fund investing – one that can help individuals navigate the range of competing emotional and financial issues that they face as they move through retirement”
The world of retirement income products has some new entrants. Russell Investments in Tacoma, Wash., has launched a series of funds called Russell LifePoints, Target Distribution Strategies. via Financial Planning
“We’re like the 401(k) market in the early 1990s”
As Eric Remjeske sees it, there’s a significant upside to being in a market that’s yet to take off – there’s little competition. via Monterey County Herald
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NCE Resources Group is pleased to announce that NCE Diversified Flow-Through Limited Partnership completed its final closing. via Market Wire
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GLD / MOO / OIL So, it looks like the commodities bubble is bursting once again – for the second time in three weeks. via The US Market Blog
“This is going to require a 10-year secular bear market.”
With the U.S. economy facing the likelihood of a recession, is it too late to jump on the bear-market bandwagon? David Tice, manager of the Prudent Bear Fund , doesn’t think so. via KCRA.com
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“Investors continue to focus on money market funds, though we expect they will move this money into long-term funds in the coming months as the volatility subsides”
Canadians investors stashed an estimated $2.55-billion into mutual funds in March, with most of the cash headed towards money market investments, preliminary figures released Wednesday indicate. via Globeinvestor.com
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Wall Street may face closer scrutiny if Treasury Secretary Henry Paulson has his way. via Reuters Video
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“We’re definitely tightening our belts and not spending as much”
The Dow, the Nasdaq, the S&P 500 – every leading Wall Street index boasted an “up” arrow on Monday. via SiliconValley.com
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The Depository Trust & Clearing Corporation announced today it cleared and settled more than $1.86 quadrillion in securities transactions in 2007. via Earth Times
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“You don’t want to miss it when things turn around and things start to look a little better”
For some uneasy investors, the questioning could start at the mailbox: Now what? Statements for investments like 401 plans or mutual funds will soon arrive, showing investors how much they shared in the … via San Jose Mercury News
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“We try to preach the long-term focus of how we do things. There are always, always going to be times of volatility in the stock market. It kind of pays to be an optimist and stick with it through the bad times. The trend, as we know, is to go up”
For some uneasy investors, the questioning could start at the mailbox: Now what? Statements for investments like 401 plans or mutual funds will soon arrive, showing investors how much they shared in the … via Daily Breeze
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The turmoil in the U.S. equity markets is driving more Americans to park their money in mutual funds that invest overseas. via Reuters Video
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Q: We are rolling over my wife’s $160,000 lump sum for retirement into a managed account with our bank. via Houston Chronicle
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“If it is a cause, it’s a cause of protecting our portfolio and maximizing our returns”
Discussions of the bloodshed in Darfur or issues like climate change make regular appearances in the world of politics but lately investors might notice that these issues have wedged their way into often dry … via Boston.com
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Scientists warn that glaciers in Patagonia are shrinking, and could disappear by the end of the century. via Reuters Video
Fidelity Fund Management has announced dividends in the Fidelity Equity Fund and the Fidelity Tax Advantage Fund. via AndhraNews
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“He took apart a closed circle that lived on favors and back-scratching”
Investors everywhere are better off today because of Eliot Spitzer. That may be hard to see now amid the news that the so-called moral crusader was caught on a wiretap after allegedly arranging a meeting with a … via Forbes
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“They are voting on this deal and they are voting with their feet. They know they have no leverage”
By Scott Hillis Reuters Monday, March 10, 2008; 8:32 PM SAN FRANCISCO – The two biggest owners of shares in Take-Two Interactive Software Inc said on Monday they drastically cut their stakes in the video game … via The Washington Post
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New York Life Insurance Co. will pay $14 million to settle a class-action suit that accused the company of improperly steering billions in pension funds into its own mutual funds. via The York Daily Record
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“The dip in AUMs was primarily due to uncertainty in the equity markets and tight liquidity conditions. However, inflows from NFOs (new fund offers) and FMPs (fixed maturity plans) helped curtail the fall to some extent”
MUMBAI, MARCH 12: As the markets melted with every passing day in February, mutual fund investors did not dare to take any contrarian position and ran to park their cash in debt. via Express India
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“Eventually, those who control natural resources will control downstream industries. Control over raw materials is a strategic necessity today. And it is not just restricted to India, it is a global phenomenon.”
By Kul Bhushan: Have NRIs been sidelined in the latest Indian budget? Since the government is all out to get votes for the general election next year, special concessions for NRIs were perhaps not a priority. via Newkerala.com
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A U.S. District Court in Philadelphia approved a class-action settlement Wednesday against New York Life Insurance Co. via Daily India
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T here’s going to be a raft of new exchange-traded funds opening the rest of this year, but chances are that investors should ignore most of the new issues. via Boston Herald
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In the late 1960s, The New York Times declared that we had entered the age of “people’s capitalism.” The paper cited the broad increase in mutual fund and stock ownership. via Dallas Morning News
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Talk of the Town brings you the latest in movie, music and celebrity news. * Lisa Marie Presley lashes out at the media * China blacklists an actress * Jackie Chan gives back * Some prehistoric creatures rock … via Reuters Video
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“Lo and behold, the $330 billion market for auction-rate notes ground to a halt in mid-February . . .”
INVESTORS across the nation are finding themselves in Wall Street’s version of the Hotel California: they have checked into an investment they can never leave. via Free Republic
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Economy Bureau Posted online: Tuesday , March 11, 2008 at 0113 hrs IST New Delhi, Mar 10 Barely two months after appointing fund managers for investing in postal funds, the government has proposed to freeze the … via Express India
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“I am very excited to be partnering with Richard again”
Black Creek Investment Management Inc. today announced that international equity fund manager Richard Jenkins will be joining the firm as a co-owner with investment manager Bill Kanko. via Investment Executive
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“The broker selection process on Fidelity’s equity trading desk was compromised when gifts and lavish entertainment swayed the flow of brokerage business”
The US Securities and Exchange Commission announced that it has charged fund manager Fidelity Investments and 13 current or former employees, including legendary portfolio manager, Peter Lynch, for taking … via Investment Executive
“It follows the Reuters Continuous Commodity Index, which tracks 17 commodities, like corn, soybeans, cattle, hogs, gold silver, platinum, copper cotton, cocoa, OJ, stuff like that.”
The Toronto stock market has made a pretty substantial recovery since the lows it plumbed Jan. via Slam Sports
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“In addition, and in sharp contrast to January, investors have decided once again to look longer term with roughly 50 percent of estimated February inflows going to long-term funds.”
Canadians bought between C$5.9 billion and C$6.5 billion worth of mutual funds in February, a sharp turnaround from January when they bought a fraction of what they normally do for this time of year, … via Sympatico Finance
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