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Mutual Fund Cost Calculator

The SEC Mutual Fund Cost Calculator: A Tool for Comparing Mutual Funds The Mutual Fund Cost Calculator enables investors to easily estimate and compare the costs of owning mutual funds. The Cost Calculator takes the mystery and math out of the cost equation, revealing how costs add up over time. .. more »

Mutual Fund Managers Investing in their Own Mutual Funds

A study of 1,300 mutual funds based in the U.S. by the Georgia Institute of Technology and the London Business School found that funds in which the managers of the fund also invested in it appreciated an average of 8.7% in 2005, the year covered in the study, versus 6.2% appreciation for those funds where the managers had no money in their fund, .. more »

Exchange traded Notes

Barclays Bank PLC has introduced 2 exchange-traded notes (ETNs), tracking the iPath Goldman Sachs Commodity Index (GSP) and iPath Dow Jones-AIG Commodity Index (DJP). These ETNs are 30-year senior debt securities listed on the New York Stock Exchange that will pay the return of the commodity index minus fees of 0.75%. They do not pay any interest .. more »

Charging the Rent or Mortgage Payment with a Credit Card

American Express and VISA are now offering creditworthy customers the option to charge their rent or mortgage payment with their credit cards. American Express started allowing the charging of rent in 2003 and mortgage payments in May, 2007 with a few partners—rental developers and mortgage companies—and has expanded it gradually to 200 cities .. more »

How Insurance Companies are Increasing Profits by Paying less in Claims

According to this Bloomsberg article (9/2007), The Insurance Hoax, property and casualty insurance companies have been making record profits in the current millennium, even during a time of major natural catastrophes, such as Katrina and the California wildfires, by reducing claims payments. Insurers are offering lowball settlements, and if the .. more »

Do Companies that Announce Stock Buyback Programs Outperform the Market?

Researchers have noted that, in the 1990’s, companies that bought back their stock outperformed the market for up to 4 years after the announcement of the buyback program. The most significant reason for this increase is that managers buy back stock when they believe that it is significantly undervalued, and, of course, buying back the stock .. more »

Do State Insurance Departments Really Help Consumers?

Evidently, not too much, according to the Bloomsberg article hyperlinked below. It's to be expected, I suppose, when you consider that the state insurance commissioners generally come from the insurance industry, and return to good jobs there. Furthermore, the National Association of Insurance Commissioners helps the states in writing the insurance .. more »

How Credit Card Companies Take Advantage of People Who Can't Pay Off their Debt

It has oft been said that the reason credit card companies raise interest rates for the slightest delinquency is because of the increased risk. It does make sense to charge people with lower credit scores a higher interest rate when the customer is acquired—higher risk does require a greater yield—but once the customer has been acquired, does .. more »

Closet Index Mutual Funds — Active Share Percentage of a Mutual Fund

Closet Index Mutual Funds — Active Share Percentage of a Mutual Fund It seems that some mutual funds that are supposed to be actively managed, aren't, but the managers are getting paid fees as if they are. Antti Petajisto and Martijn Cremers from the Yale School of Management have quantified how much a mutual fund really mirrors an index by .. more »

Closed-End Mutual Funds

What You Need To Know About Investing In Closed-End Funds This article gives a good introduction to closed-end mutual funds, and offers some good tips on finding value in closed-end mutual funds, including the need to look at them with the same perspective as one would look at any mutual fund—management, performance history, volatility, and, of .. more »

Qualified Dividend-Paying Stock Funds

Qualified Dividend-Paying Stock Funds Dividend-paying stocks generally don't yield as much as bond funds, but they do have a greater potential for capital appreciation, and with qualified dividends, the top tax rate for the dividend income is 15% for most investors, and only 5% for people in the 2 lowest tax brackets. As an example, Goldman .. more »

Mutual Funds

Mutual fund companies are now required by the SEC to disclose how much of a stake, or the lack thereof, that fund managers have in their own funds. Unfortunately, the SEC only requires this information in the statement of additional information, which usually must be requested from the company or it can be found at .. more »

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