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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 10, 2000
Page
40
Susan Bondy explains that a pour-over will transfers assets not in the trust into the trust after death, but IRAs Keohs profit-sharing plans and annuities often stay out. She advises placing CDs stocks and bonds in the trust and naming beneficiaries for retirement and annuity plans to avoid probate.
18 year old Michael Stahl of Leawood Kansas wrote Early to Rise a 252 page guide for teens on investing and financial choices. He started stock investing in fourth grade and runs an online teen job search business with Falcon Investment Club members earning 15 percent so far this year. He advises learning through clubs games and online sites and first bought Atari stock.
Epoch Capital Partners, the largest online investment bank, debuts after eight months of preparation. In its first deals, it helped Corio Inc raise 140 million in an IPO and served as a secondary manager for Equinix Inc aimed at about 202 million. Epoch aims to grab IPO business from Goldman Sachs and Morgan Stanley by leveraging its 6.5 million customers and ties to TD Waterhouse and Ameritrade.
Money market mutual funds posted a small gain in the week ended Tuesday with seven day yields at 6.01 percent and 6.19 percent compounded for seven day and 30 day periods. Bank rate.com reports show slight changes in yields across money market accounts and various CDs while overall retail money market assets rise to 997.49 billion.
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