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Wednesday, August 22, 2012

Reuters Money: Bogle's blueprint for enlightened investing

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08/22/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Bogle's blueprint for enlightened investing
CHICAGO (Reuters) - Some eight years ago, I was at a presentation by Vanguard founder Jack Bogle at a business journalists' conference in Denver, and when his PowerPoint crashed, and he had to use transparencies on a vintage 20th-century overheard projector. After the presentation, he let me keep them, and they still serve as a sort of Rosetta Stone for me for enlightened investing.
Paper airline tickets, bound encyclopedias passe for new U.S. college students
CHICAGO (Reuters) - Incoming U.S. college students have never seen a paper airline ticket, like to watch television on almost anything but a television and consider exposed bra straps a fashion statement, not a wardrobe malfunction, according to an annual list released on Tuesday.
Your Money: Fight against "rogue" U.S. movers gets boost
(Reuters) - Jody Phillips thought she had found the perfect mover for her relocation from Tennessee to Utah. The company's slick site, boasting of its awards for service and photos of its sharp-looking moving truck helped clinch the deal. She then paid them an initial fee of nearly $1,200.
Column: Why ZIRP may mean zip: David Cay Johnston
(The writer is a Reuters columnist. The views expressed are his own.)
Cautious investors may tame hedge funds, at a cost
LONDON (Reuters) - An academics' pension fund, the Church of Sweden and a biomedical charity are among conservative investors breaking with tradition and piling into hedge funds who are willing to curb their highest-risk bets to attract their cash.
Buffett cuts $16 billion municipal credit bet in half
NEW YORK (Reuters) - Berkshire Hathaway Inc will terminate $8.25 billion in credit default swap protection it has sold on municipal debt, more than half of a total $16 billion in protection it has sold on bonds of states, cities and towns, the company said in a regulatory filing this month.
Another risk officer in JPMorgan "Whale" trade retains lawyer
NEW YORK (Reuters) - Another JPMorgan Chase & Co risk manager, who worked for a division that lost at least $5.8 billion on a series of complex derivatives trades, has hired a lawyer in connection with probes into the so-called "London Whale" trading debacle, according to sources familiar with the investigations.
Crowdfunding scams top investor threat: regulators
NEW YORK (Reuters) - State securities regulators have put the relatively new investment phenomenon of crowdfunding at the top of their annual investment scams list, highlighting a recent controversial U.S. law that relaxed capital raising rules on small companies.
SEC delays consideration of JOBS Act rule
(Reuters) - The Securities and Exchange Commission has delayed for a week its consideration of new rules to lift the ban on general advertising for private securities offerings, the regulator said on Tuesday.
On the Move: Morgan Stanley lands advisers with $1 billion in assets
(Reuters) - Morgan Stanley Smith Barney, the largest U.S. brokerage, has landed seven veteran advisers who managed about $1 billion in client assets for rival firms, further expanding its U.S. adviser base.
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