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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 12, 1981
Page
8
A columnist defends money market mutual funds noting they lack federal insurance but argue they are not inherently dangerous. He urges Americans to diversify savings into market funds, Treasury bills, or high yield unit trusts as interest rates fluctuate and alternatives exist beyond large bank accounts.
Louis Rukeyser assesses money funds as appealing to ordinary savers with minimum entry of 500 to 1000 dollars, noting no federal insurance yet a track record of no losses. He warns of risk and emphasizes diversification, management, check-writing, and the need to read fund prospectuses before investing, while arguing they boost national saving.
The AMA faces criticism as a tobacco growers group calls its subsidy stance misguided while delegates vote to end price supports. The resolution, approved 283 to embrace scrapping subsidies, follows debates over pension fund divestment and questions on lobbying against tobacco aid.
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