Word: mutuals
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...appropriate." It was that he kept splitting legal hairs and insisting that his earlier denial of "sexual relations" as defined by Paula Jones' lawyers was "legally accurate." That was probably the hardest part for Lewinsky, for it implied that all the affection was one way and not mutual. "That is contrary to Monica's testimony," said a lawyer familiar with her case. Which may help explain why Monica Lewinsky was scheduled to be back before the grand jury. And why she is likely to be facing a lot of Congressmen this fall...
...individual investor will never be king on Wall Street. But you've come a long way in the '90s, baby, and at least now you're living on the palace grounds. That's why institutional brokerages have been rushing to merge with retail houses, and mutual funds have been multiplying like rabbits. Everyone wants to serve the little guy, who these days may have $100,000 or more sitting in a 401(k) plan. Titans of finance haven't yet figured out how to sell you a fairly priced IPO, but there are enough of you out there to make...
...year ago, the Teachers launched six open-end mutual funds, and so far they have been standouts. The Growth Equity fund and the Growth and Income fund are both up 21% since inception last September through last week, vs. an 18.5% gain for the Standard & Poor's 500, Morningstar reports. Ordinarily, I wouldn't write about a fund with less than a year's history. But these are irresistible in their simplicity, low expenses and minimums, proven record on the institutional side and now market-beating numbers on the retail side...
...listen to these mixed signals for sport, and then do nothing. Over the long term you'll be best served by investing a few hundred dollars in stocks each month no matter what the market does. But it never hurts to look for bargains, and if you're a mutual-fund investor, it may help to check the pulse of the overall market...
...MUTUAL FUNDS GET PERSONAL...