Word: funded
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...should be held until maturity. But for that the investor gets an interest rate 1 to 2 percentage points higher than comparable (single-A) corporate bonds. The rate on the deals so far has been 7% to 8%. For now, such bonds are suitable only for insurance and pension-fund managers. But, says Pullman, "we're working out the kinks." Their star power could make for a popular bond mutual fund. Now that's entertainment...
These are nutty days on Wall Street, and you can hardly be blamed for thinking about shifting your investments into something safe, like a money-market fund--if not the mattress. The esteemed Warren Buffett revealed last Monday that he had recently sold more than $5 billion in bonds. Presumably, that money is now parked somewhere secure while he hunts for bargains--if he hasn't already found them in the wake of last Tuesday's stock-market dive. Bully for him. But remember that he's a billionaire investment god. Mere mortals don't have his eye for value...
Consider a stock or mutual fund in which you invest $100 a month at a starting price of $20 a share. After one month, the price is $25, a month after that $10, then $30, $15 and, finally, right back at $20, where it stays for a month. No gain after six months, you say? True, the stock is where it was when you started buying: $20. But because you invested $100 each month, you would have accumulated 34 shares at an average price of just $17.65, and be up by the annual equivalent of 27%. That's the magic...
...There are probably smarter ways to invest money," says Barbara Ellis of the $7,000 she and husband Chris paid into Colorado's Prepaid Tuition Fund for 16-month-old Lexi's college education. "But I'm no whiz at investing, and this way I know it's taken care...
...Ellises, that means no need to apply for financial aid or be worried about market dips--and whether they can afford vacations. Their investment takes care of four years' worth of Lexi's tuition (any extra money from the fund can be applied to the cost of room and board or books), as well as her parents' peace of mind...