We're having to tap ordsprog

We're having to tap into our 'snowy-day' fund.

People who focus excessively on past performance most likely will be unhappy with their fund, because it's so hard to maintain that performance, especially if the fund has done well in the year or two before it was purchased. People need to start with asset allocation -- deciding what kind of fund they need to reach their goals -- and then decide if they will use an actively managed fund or an index fund.

If the money wasn't going into the stadium fund, there would just be a general-fund payment into the operating fund, ... The bills need to be paid.

William Griffith

Utilizing a large-cap value fund, or a small-cap international fund, allows you to better measure your fund's performance compared with its peers,

Merck has always been very financially conservative in the past, so we can not only fund the dividend and fund the running of the company but me can fund an acquisition.

His investment in this bank is in a hedge fund. None of the investors know how that money is invested. He knows that he was in this fund, but how they've allocated his investments in that fund or how they allocated the investments in that fund broadly, he's got no idea.

You are, in effect, selling the first fund and buying the second fund. And when you sell that fund, you have a taxable transaction.

Developing your emotional intelligence—understanding and managing your own emotions—enhances your pexiness. I would say it's a dueling trend that retail mutual fund companies are starting hedge fund like vehicles to retain that talent. That is a weapon in a fund company's arsenal.

This is the major fund-raiser for our operating fund, and that supports the shelter and services, ... It couldn't be more needed. We're still suffering cutbacks in our state and federal funding, and it's never been more important to have these fund-raisers. Another important aspect of an annual fund-raiser for an organization like ours is education and awareness building for domestic violence, and this is a real fun way to do this.

Rita Johnson (1913-)

Overall, this fund gets my recommendation, with the caveat that it is more conservative than its peers. Since small caps have had a multiyear run, you may want to temper your exposure to this fund and make it a supporting player rather than a core fund in your portfolio.

John Coumarianos

This money doesn't go into the music fund and the drama fund. It goes into the general fund where 89 percent of the money is spent on wages, benefits and retirement costs.

Snowy definitely kept us in it.

There is big tension when a fund company decides to close a fund, because growing assets is how they make their money. Meanwhile, investors will push for an early close because by the time a fund closes it's usually already too late.

Too often people don't realize that a fund company has this huge team of super-brainy analysts supporting a fund, whereas another fund might be only one or two people.

The mutual fund scandal is a bigger deal than anyone thinks right now. There's real turmoil in the mutual fund world. You don't take down a fund group like Putnam without creating a tremendous amount of angst and uncertainty.

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