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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 29, 2001
Page
36
The Gazette outlines how unmarried couples can protect themselves with written agreements before cohabitation. It warns against financial entanglements and offers guidance on gifting versus loaning, expectations, and documenting ground rules. Prenuptial style planning is advised for all, even without marriage plans.
The week ended Tuesday shows a fall in seven day and 30 day money market fund yields. The seven day average drops to 3.33 percent and the 30 day average to 3.41 percent. Bankrate.com also notes declines in money market account and six month certificate yields.
A Knight Ridder piece notes that many families are headed by a single parent and must plan for a secure future with no second income. Experts urge budgeting, debt reduction, insurance, and ongoing saving to cope with higher per-child costs and lower total household income.
Morningstar suggests a weak dollar favors unhedged foreign funds, with Oakmark International portfolio manager David Herro arguing the dollar may be 20 to 25 percent overvalued. He notes hedging if needed but favors buying foreign currencies, highlighting managers at Artisan International, Harbor International, Ivy International, and American Funds EuroPacific Growth as top picks amid currency headwinds and varying strategies.
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