Vanguard Group Inc., the largest U.S. mutual-fund provider, will drop MSCI Inc. as the benchmark provider for 22 index funds holding about $537 billion in assets, to cut costs for fund shareholders over time.
Maybe you don't own a gun -- the lock or the barrel. But the stock; chances are pretty good you own gun stock. A new social media campaign, “Unload Your 401(k),” urges savers to look up fund providers on its web site to see if their plan’s funds own gunmakers like Sturm Ruger & Co. Inc. (RGR), Smith & Wesson Holding Corp. (SWHC) or Olin Corp. (OLN).
Bernie Madoff is warning regular investors not to let Wall Street scam them like he did. His advice: Use index funds. In a recent interview with MarketWatch, Madoff was asked where the safest place is to invest money with the least amount of risk for fraud. His answer:
It’s 20 minutes before 4 p.m. in London and currency traders’ screens are blinking red and green. Some dealers have as many as 50 chat rooms crowded onto four monitors arrayed in front of them like shields. Messages from salespeople and clients appear, get pushed up by new ones and vanish from view. Orders are barked through squawk boxes.