Fed cuts discount rate murmur turning point questions savings strategy
The Fed trimmed the discount rate to 3 percent, the lowest since 1963, signaling possible higher rates after the elections. Experts expect a rate rise within a year, guiding savers toward short term, safe investments like six month CDs and US Savings Bonds while avoiding risky equity funds. Paying off high interest debt remains the top advised move for real returns.
MENTIONED IN THIS ARTICLE
Fed
John Silvia
Kemper Financial Services
Treasury
Mana Ramirez
Maria Ramirez Capital Consultants
New York City
James Stack
InvesTech Market Analyst Newsletter
U.S
Flagship Limited
Mutual funds face fee debate as costs rise and options grow
The article notes Today’s fund groups like Value Line and Seligman saw pre hike profits of 22 to 59 percent, rising margins post hike. John Bogle condemns high fees while industry reps cite economies of scale and front end loads. It explains loads 12b-1 fees, no-load funds, and class structures across brokers, with costs varying by share class and fund type.
French Disneyland woes and mad cow fears hit Euro-Disney bonds
Angry French farmers block access to Euro-Disney prompting an empty park while investor Malcolm Berko suggests taking losses on Euro-Disney Zero Coupon Convertible Bonds amid alarm over mad cow disease and French economic competition. He cautions readers to conduct further research and not rely solely on his advice.
MENTIONED IN THIS ARTICLE
Burgundy
Mickey Mouse
Donald Duck
Goofy
French Disneyland
Euro-Disney
Slow Track Week Leaves Platinums Top Despite Slips
The week shows Platinum at 1,083 continuing ahead while other horses drift. Blue Chip Stack falls to 1,052 and 30 year T-bond to 1,058. OTC drops to 966 as EE U.S. Savings Bond sits at 1,036 with Byer T-note at 1,028 and 90 day CD at 1,023.
MENTIONED IN THIS ARTICLE
I Tts
Weeday
Mayers
Lipper Mutual Funds
Lipper Analytical
Money Market Funds
Investment guidelines warn against high pressure sales pitches
Andrew Horowitz urges caution with unfamiliar investments and asks readers to seek second opinions, check commissions, and request outside scrutiny. He notes the risk of sales pitches using fluffy language and advises contacting NASD and SEC for arbitration if misled or unsatisfied. A NYT News Service report adds retirement savers dip to 63 percent, with higher rates among higher earners and older individuals.
MENTIONED IN THIS ARTICLE
Knight-Fidder
National Association of Jurilies Dealers
James Spellman
NASD
Securities and Exchange Commission
Washington
Also Mentioned on This Page
Federal Reserve
United Services
Treasuries
California
Strong Municipal
Federal Reserve Bank
Value Line Group
Seligman
Putnam
John Bogle
Vanguard Group of Funds
Bogle
Matthew P. Fink
Investment Company Institute
Funds’ Trade Group
Fine
Merrill Lynch and
Paine ‘Webber
Paine Webber
IBC/Donoghue
Walt Disney Corporation
France
Malcolm Berko
Creators Syndicate Inc
Herald-Journal
Berka
Syracuse Herald-Journal
P.O
Lauderhill
Fla
Bie Io
EE U.S. Savings
Money ‘Market Funds
Andrew Horowitz
Fort Lauderdale, Fla
Horowitz
SEC
New York Times News
Wall Street
Employee Benefit Research Institute
Kroghl-Ridder
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