Rethink Mutual Funds, Managed Funds

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

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