Convertible securities explained and investor tips
An overview contrasts convertible bonds and convertible preferred stock, their risks and advantages, and how convertibles blend features of stocks and bonds. It notes lower yields but higher safety relative to common stock, and the use of no load mutual funds for access. A reader shares a private telephone billing theft case and seeks guidance.
Money fund yields rise in latest week
The seven day average yield on money market mutual funds increased to 1.33 percent in the week ending Tuesday from 1.31 percent, with the 30 day average steady at 1.32 percent. Compounded yields also rose slightly and average portfolio maturity fell to 56 days. Bankrate.com reported small changes in rates across money market accounts and CDs, while total retail fund assets reached $1.041 trillion, up $1.84 billion.
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iMoneyNet Inc
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Investment Company Institute
SRI Consulting Business Intelligence
Princeton
N.J
Anthony Liuzzo
Wilkes University
Wilkes-Barre
Seniors face rising debt from using plastic for basics
The elderly carry growing credit card debt as they pay for medicines and groceries. Experts warn on risks from high interest and minimum payments while Congress weighs a Medicare drug benefit.
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Consolidated Credit Counseling Services
Fort Lauderdale
Fila
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Dallas
Spencer
Congress
Congressional Budget Office
Medicare
Cobb
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