Word: indexable
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...Over the period from June 1985 to June 1995, Harvard's annual return was only 13 percent. The Wall Street Journal has commented, "Any schmo could easily have beaten that simply plunking cash down into a lowcost mutual fund that mimics the behavior of Standard & Poor's 500-stock index." Moreover, for fiscal year 1995, the endowment returned 16.8 percent, a fairly paltry rate compared to the S&P's return of 26.1 percent...
...keystrokes. It takes a few hours to learn how to make each letter of the alphabet, but you can easily be writing at 20 words per minute within an afternoon. The Pilot literally took the market by storm as a little guy: it's about the size of an index card, weighs only six ounces and gets several weeks of power from two AAA batteries...
According to Tracy Kiley of the Princeton Review, many schools use a formula of LSAT scores and grades, called an index, to rank applicants, with the test often counting for up to 60 percent of the index...
Stanford Law School uses a closely-guarded "secret index". Although there is no guarantee of denial or admission because of the LSATs, the average score for an admitted candidate is 168 out of a possible...
...like, well, Wal-Mart. The annual cost of keeping your money at Vanguard is 31' per $100 invested, vs. an average $1.11 for the industry overall. When it comes to money-market and bond funds, where every penny counts, Vanguard is a great choice. It also specializes in inexpensive index funds--which is like buying a whole market. Vanguard's Index Trust 500 Portfolio, which mirrors the S&P 500, beats up on most other mutual funds year after year. The rap on Vanguard is that when it comes to picking aggressive equity funds, its crew lags behind Fidelity...