Word: cashes
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Dates: during 1990-1999
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...money flowed into stock funds--down a third from 1998's record levels. Moreover, as fund investors chase short-term performance above all, only a select group of the top fund families, with brand names like Vanguard, Janus, Fidelity, Putnam and Alliance, are capturing the bulk of that new cash--and much of it is "automatic" in the form of 401(k) plans. That leaves hundreds of smaller players to fight for the scraps, according to Financial Research Corp. "There's a lot more risk now," says Jack Brennan, chairman of fund giant Vanguard, based in Valley Forge, Pa. "People...
...others argue, investors will rush back to the relative safety of a diversified mutual fund. "Investors have abandoned the risk side of the equation, but it's not sustainable," says Greg Johnson, president of Franklin Templeton Distributors, a $155 billion fund family that has lost $7 billion of cash this year as investors fled its faltering value and international funds. "There are more than 10 good ideas for investing...
...handful of unkempt longhairs are hard at work over some odd machines in a crowded garage when a man in a suit walks in out of the California sunshine to offer them a big, fat pile of cash. The group's leader takes offense at this gauche tender of venture capital; Apple Computer's mission, Steve Jobs explains, is "practically spiritual." And then he takes the money...
There are plenty of issues that the fund industry must sort out, such as how day trading of stock funds would influence long-term investors. Rapid trading could force fund managers to keep more cash on hand, hurting long-term results. For that and other reasons, the fund industry hasn't embraced the notion. But neither did the stock exchanges embrace No-Doz hours--until day traders demanded time to pursue their addiction at home. And neither did Merrill Schwab and Charles Lynch expect to be so much alike that you might confuse their names. These things happened because individuals...
...Lois toured the country on a motorcycle and appeared to be a prosperous, promising young couple. By 1933, however, they were living on charity in her parents' house on Clinton Street in Brooklyn, N.Y. Wilson had become an unemployable drunk who disdained religion and even panhandled for cash...