Avoiding steep IRA fees
Question: My adviser charges me between 5% and 6% of what I invest in the mutual funds for my IRA. He says this fee is extremely fair to me. But I previously had an IRA for which I paid only $20 a year. What is an acceptable fee for an IRA? –Teresa Nagengast, Deptford, New Jersey
FundWatch: In a bad year these funds were the worst, down more than 60%
Investors reeling from the 39% fall in the Standard & Poor’s 500 Index this year should console themselves that it could have been worse: three of the worst mutual funds of 2008 have racked up losses of more than 60%.
Turning savings into income
Where baby-boomers go, the financial services industry follows. Too large, at 77 million people, and too affluent to be ignored, this group has been heavily wooed at every stage of life. Now, as the oldest boomers begin leaving the workforce, Fidelity and Vanguard have launched mutual funds aimed at retirees who are making the transition from saving to spending.
Chuck Jaffe: Watch for these 7 mutual fund stories to make headlines in 2009
The big stories in the mutual fund world are always taking shape, but the new year gives us a chance to gaze into the crystal ball and try to read the future headlines.
FundWatch: In a bad year these funds were the worst, down more than 60%
Investors reeling from the 39% fall in the Standard & Poor’s 500 Index this year should console themselves that it could have been worse: three of the worst mutual funds of 2008 have racked up losses of more than 60%.
Stock mutual funds take in $10.4 billion
Money flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.
Mutual funds vs. private money managers
Question: What is your opinion of brokerage-managed accounts? Are these separately-managed accounts a good way to have your money managed?
Why pension funds beat mutual funds
Are you happy with how well your mutual funds are doing?
Mutual funds vs. private money managers
Question: What is your opinion of brokerage-managed accounts? Are these separately-managed accounts a good way to have your money managed?
Stock mutual funds take in $10.4 billion
Money flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.
FundWatch: Executive tapped to lead Evergreen jumps ship
NEW YORK (MarketWatch) — Peter Cieszko, who was due to take over as president and chief executive officer of Evergreen Investments on Jan. 1, is leaving the mutual fund firm.
Chuck Jaffe: Mutual-fund morgue had less work in 2008 than it should have
With the average stock fund down about 40% in 2008, you couldn’t blame investors for hoping that the bulk of mutual funds would simply quit the business and send what’s left back to shareholders.
New York University sues fund exec over Madoff
NEW YORK (Reuters) - Hedge fund executive Ezra Merkin has been sued again for entrusting investments with confessed swindler Bernard Madoff, this time by New York University, which said it lost about $24 million.
FundWatch: Executive tapped to lead Evergreen jumps ship
NEW YORK (MarketWatch) — Peter Cieszko, who was due to take over as president and chief executive officer of Evergreen Investments on Jan. 1, is leaving the mutual fund firm.
The Future for Funds
The apple cart is officially upset. With nowhere to hide, investors are pulling money out of mutual funds at an unheard-of pace. September was the worst month ever for redemptions. Then October doubled that rate. Because of redemptions and lost market value, the fund industry manages almost $2…
Turning savings into income
Where baby-boomers go, the financial services industry follows. Too large, at 77 million people, and too affluent to be ignored, this group has been heavily wooed at every stage of life. Now, as the oldest boomers begin leaving the workforce, Fidelity and Vanguard have launched mutual funds aimed at retirees who are making the transition from saving to spending.
FundWatch: Executive tapped to lead Evergreen jumps ship
NEW YORK (MarketWatch) — Peter Cieszko, who was due to take over as president and chief executive officer of Evergreen Investments on Jan. 1, is leaving the mutual fund firm.
New York University sues fund exec over Madoff
NEW YORK (Reuters) - Hedge fund executive Ezra Merkin has been sued again for entrusting investments with confessed swindler Bernard Madoff, this time by New York University, which said it lost about $24 million.
Ex-NY broker charged in Dreier fraud case
NEW YORK (Reuters) - A former broker has been arrested and charged with helping prominent New York lawyer Marc Dreier defraud hedge funds by selling them false promissory notes, U.S. prosecutors said on Tuesday.
The Future for Funds
The apple cart is officially upset. With nowhere to hide, investors are pulling money out of mutual funds at an unheard-of pace. September was the worst month ever for redemptions. Then October doubled that rate. Because of redemptions and lost market value, the fund industry manages almost $2…
