July 29, 2010
Part one of our series on the Middle Class: The Money Class? can be found here. Who are you? The mutual fund industry has been asking that for decades and the answers still aren’t quite clear. But they are getting closer to understanding that the vast majority (85%) of the owners of mutual funds are [...]
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July 28, 2010
According to the most recent Investment Company Institute Factbook, the fund industry, based on what they refer to as emergence of fund entrepreneurs have made the middle class the money class. With 90 million households owning mutual funds, either in their 401(k)s or some other type of defined contribution plan available n the workplace or [...]
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Cash, in Pocket
July 9, 2010The opening lyrics to James Honeyman-Scott and Chrissie Hynde’s song Brass in Pocket could easily be changed to: “I’ve got [cash], in pocket; got [money],I’m gonna use it”. Only the cash in pocket has become the huge economic threat of this financial crisis – one that still lingers several years after the fact. We all know [...]