Word: mutuals
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Dates: during 1990-1999
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Stock brokers and mutual-fund companies have been harping on the investment opportunities in foreign lands for years, and they keep making it easier to take the plunge. There are 1,200 U.S.-based stock funds that invest overseas or south of the border. Nearly 500 foreign companies, such as Russia's petroleum giant LUKoil and Mexico's version of AT&T, Telefonos de Mexico, list their shares with major U.S. stock exchanges. Those numbers are growing, and Americans are happy to take a flyer. They own $560 billion of stock issued by companies outside the U.S.--a 15-fold...
This makes Andy Klein angry--or at least aware of a market niche. His company, Wit Capital, which launched last week, is an online broker that lets small investors not only trade stocks and mutual funds at cut-rate prices but also buy into the high-end IPO and venture-capital deals that were once the sole province of Wall Street's biggest kahunas. Until now, the Little Guy could only watch and drool as well-connected initial subscribers bought millions of IPO shares at insider offering prices, then "flipped" them to the clamoring public for instant fortunes: Netscape...
...lesson is that as an investor, you're still on your own. Wit and E*TRADE will balloon your net worth faster than the average high-growth mutual fund only if you do your homework and deduce which deals are worth betting on. "We're only going to be as good as our reputation," Klein says calmly. "We do the due diligence, we investigate the company, we determine what we think is a fair price." Klein thinks that's a winner, but then it's easy to be sanguine when you've got wheat beer to fall back...
Playtime for the kids, on this Thanksgiving weekend of 1973, means sexual one-upmanship. Precocious Wendy Hood (Christina Ricci) insists on wearing a Nixon mask during foreplay with Mikey Carver and goads his shy younger brother Sandy (Adam Hann-Byrd) into a game of mutual exhibitionism. Wendy's brother Paul (Tobey Maguire) goes to a Manhattan party where, once again, a pretty girl treats him as just a friend. For the adults the big social event is a Key Party. The men drop their car keys into a bowl, the women blindly pick them out, and new sexual partnerships...
...bear) and from a man's bitter, murky soul. It doesn't have much of the Mamet dialogue tang; that is on dazzling display in his forthcoming thriller, The Spanish Prisoner. Still, The Edge, directed by Lee Tamahori, offers enough of what a melodrama demands: two strong characters in mutual creative distrust...