Word: bondses
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Many people who were novice investors when they first started an IRA have become armchair financiers. Instead of consolidating their contributions in one safe place, many IRA holders shuttle their accounts from one investment to another as the economic winds change. Says Alfred Johnson, chief economist for the Investment Company...
13. While Bobby Bonds hasn't earned a spot on the American Express advertisement yet, he has merited a lite beer commercial. Toward the end of his career, Bonds moved around the league about as fast as he did around the bases (461 career steals). Ten points if you can...
14. But while Bonds moved around the league a lot, legendary Dodgers manager Walter Alston did not. The only move Alston made in his 23-year managerial career was from Brooklyn to Los Angeles, and then only when the entire franchise was moving as well after the 1957 season. Before...
Last week's turmoil added to the uncertainty that has been plaguing the muncipal-bond market for months. In December the House passed a tax-reform bill that would place a 25% minimum tax on certain munis, including bonds to build stadiums and industrial parks. Investors and municipalities that depend...
The Marcos papers, carried from Manila in six suitcases, hint at a worldwide network of almost unimaginable wealth. One balance sheet alone lists a total of $88.7 million in five banks in the U.S., Switzerland and the Cayman Islands. Imelda Marcos' taste for opulent adornment was also in evidence. A...