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Tuesday, March 18, 2008

About Mutual Funds: Fund.com, Spitzer, Millionaire Growth Rate, TIPS

About.com   Mutual Funds
In the Spotlight | More Topics |
  from Dustin Woodard
Lots of news unusual news perking up this lately. Below I feature the largest domain name purchase, which happens to be related to mutual funds, a story about the millionaire growth rate slowing, 5-YR TIPS going below zero yields, and a quick look at both Bear Sterns and Elliot Spitzer falling on their faces.

 
In the Spotlight
Fund.com Domain Purchased for $10 Million
Touted as the biggest-ever domain name purchase, Fund.com is reported to have been purchased for $9,999,950 cash. Fund.com's new owner, Fund.com Inc., trades with the ticker FNDM.OB. Fidelity owns...read more

 
         More Topics
Millionaire Growth Rate Slows
According to data from the Spectrum Group, the number of new millionaires over the last year only grew 2%. In '06, the growth rate was 8% (11% in '05 and...read more

 
5-Year TIPS Yields Below Zero
For the first time, 5-Year Treasury Inflation-Protected Securities (TIPS) are paying below 0%. Demand for TIPS have been high since late February as many investors expect inflation to be a...read more

 
 
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