Word: mutuals
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...college is never to accept the third turn with a pilfered fire extinguisher. You think you're going to get to blast an unsuspecting roommate, but you end up a two-time loser--inheriting an empty canister just as the campus cops show up. A similar fate awaits many mutual-fund investors this year. Redemptions from stock funds are running at the highest level in a decade, and those who stay put could wind up holding a big tax liability--essentially having been handed that spent fire extinguisher. Here's how it works. Mutual funds pay no income or capital...
Four days later--the day after Memorial Day--their North Carolina unit's Marines gathered in their chapel at New River air station. "Semper Fidelis," they intoned solemnly before 700 mourners. "We will never forget you." But despite the service's long and treasured tradition of mutual trust and fierce loyalty, forgetting their men is precisely what the Marines seem to have done in this case...
...MUTUAL-FUND VOYEURISM Want to see your money manager in action? Trading activity at OpenFund can be viewed in real-time updates on its Meta-Market.com site. You can even watch the trading floor through a Web camera. The start-up also features online discussions with industry gurus. Coming soon: Stock-Jungle.com's Community Intelligence Fund. This planned mutual fund will choose its holdings on the basis of investors' suggestions, as culled by the fund's managers. SEC approval is pending...
...sense that everybody is pretty open. I don't find it too cliquish, really," Anderson says. "One student said that the level of tolerance and respect and interest that students expressed was kind of mutual...
...million increase in payments to Boston reflects an increased Harvard presence in the Boston neighborhood of Allston and a mutual desire to improve town-gown relations...