Word: socked
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...funds. They tend to be widely diversified, and investors can get a daily view of what's in the fund. The annual management fee is low, and ETFs are tax efficient because the stocks within them seldom change and their unusual structure ensures that holders rarely if ever get socked with a capital-gains distribution. You can even sell an etf short (bet on the price to fall). There are disadvantages, like trading commissions that can quickly erode the benefits of ETFs, which for that reason make no sense for investors who sock money away on a monthly basis. ETFs...
Edward Leamer, director of economic consultants at UCLA Anderson Forecast, thinks Scheid and others like him will be disappointed. Leamer is a bubble believer who expects rising interest rates to sock anyone with grand plans for double-digit housing gains in coming years. "In buying a home now, people should be acting like there will be no appreciation," Leamer cautions. "Don't be building cockamamy ideas about how this market is going to go up forever at 15% a year...
...does a country show off its fresh liberty? A frilly sock, a dance, justice twinned with mercy. It has been seven months since the Taliban, with its pitiless version of Islamic rule, fell from power under the pressure of U.S. bombs. Last week 1,575 Afghan delegates representing all regions, all ethnicities and both sexes met in Kabul in a loya jirga, or traditional council, and chose as their new President for the next two years Hamid Karzai, who has served as interim leader since the Taliban collapsed. His administration, so far, is noted less for what it has rebuilt...
...local friend calls on the cell phone, and Raitt starts negotiating the return of three socks--green, plum and black--that she left at his house, where she did her laundry the day before. Why did she do her laundry there? "Because he has a washer-dryer," she says, like duh. Does she know the hotel has laundry service? "At $3 a sock!" she replies. "I'm Scottish and Quaker. Double frugal." After the band's post-concert meal, she tries to persuade the road manager to pack up the leftover tofu and brown rice. "Otherwise," she laments, "they...
...canal called Klong Bangkok Noi, where Poon spied a hawker in a boat piled high with soap, snacks and sodas. The long-sought coffee peddler set a pot of water boiling on a tiny gas stove. He carefully poured steaming water through what looked suspiciously like a gym sock filled with ground coffee. It dripped into a can already laced with two generous spoonfuls of sweetened condensed milk. In one practiced motion he scooped a plate of ice into a plastic sack, poured in the steaming coffee, stabbed it with a straw and deftly secured the bag with a rubber...