Word: investments
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Dates: during 1980-1989
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Most zeros are virtually risk free because they are backed by U.S. Treasury notes. A broker creates zero bonds by first purchasing large blocks of the Government securities and then offering customers shares in the form of zeros. Consumers can generally invest for as little as $1,000; maturities of available bonds usually range from ten to 30 years...
Zeros suit other kinds of long-term plans as well. Jay Goldinger, a Beverly Hills investment adviser, calls them "an excellent means to save for a child's college education." If the parents of a five-year-old were to invest $9,440 in a high-grade zero paying 11% interest, says Goldinger, they would have $40,000 by the time the child reached...
Still, brokers see a profitable future for zeros. Wall Street expects sales of about $45 billion during the next year and a half. Wilson, meanwhile, says he is developing eight new ways to invest in the bonds. That could help make zero an even hotter number than it already...
Thomson's clients range in age from her 15-year-old next-door neighbor to "faculty wives in their 60s." She says she advises many graduate students, because "they are going into the job market, need to invest in clothes, and want to invest in me first...
Seaga, an ideological ally of President Reagan, credited U.S.-Jamaican cooperation with the revitalization of the Jamaican economy. "We have had astounding results in getting American corporate interests to invest in Jamaica...