Investors' faith sours as markets wobble and bonds fall
Edmund Magier, 64, cashed a $40,000 pension into savings bonds after his 1994 mill layoff. By 1999 he moved to seven mutual funds and saw about $30,000 vanish. He now relies on a Streamwood deli for income, lamenting the system's failures amid a broader stock market backlash.
MENTIONED IN THIS ARTICLE
Chicago Tribune
Chicago
Edmund Magier
Magier
Streamwood
Ill
Joel Seligman
Washington University
Alan Greenspan
Money fund yields slide in week to date
The seven day average yield on money market mutual funds eased to 1.27 percent for the week ended Tuesday from 1.28 percent. The 30 day average slipped to 1.28 percent, while the seven day compounded yield held at 1.28 percent. Bankrate data show declines across various deposits with CDs and high yield accounts retreating.
MENTIONED IN THIS ARTICLE
New York
Money Fund Report
iMoneyNet Inc
Westboro
Mass
Money Funds
Bankrate.com
North Palm Beach, Fla
Transferring stock into a living trust procedures
A reader asks about transferring stock into a revocable living trust. Yes fill transfer forms and send originals with photocopies kept. You need not insure full value. insuring about 3 percent suffices. Consider placing stocks in a brokerage account in your name then title to the trust to simplify management and avoid lost certificates.
Also Mentioned on This Page
Janet Kidd Stewart
Richard Chaifetz
ComPsych
American Association of Individual Investors
Magiet
Jay Welsh
University of Chicago
Welsh
ComPsych Chairman
Henry Blodgett
Merrill Lynch
Enron Corp
WorldCom Inc
Richard Thaler
Behavioral Finance
Northfield
Kathryn Klehr
Martha Stewart
Klehr
Marianne Jennings
Arizona State University
Jays
Northwestern University
Evanston
Jennings
Warren Skalski
Jadwiga Snieg
Barbara Magiet
Taste of Europe Deli
Edmund
Edmund Magiet
Doug Henderson
ELDON
Neighbor Insurance Services, Inc
North Main Avenue
Alburnett
Iowa
Eldon Neighbor
Pekin Life Insurance Company
Inner Circle Club
Pekin Insurance Companies
Pekin, Nlinois
Bondy
The
Gazette
Third Ave
Cedar Rapids
Gtii
Susan Bondy
Equity
Union Planters Bank
Munters
Vina
Union Plante
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