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Sound Money for October 25, 2003
 Mutual fund investigation
Morningstar Managing Director Don Phillips talks with Chris Farrell about the mutual funds industry and what to do if you are in a fund that's under investigation. Mr. Phillips says if you're invested in a fund that's been involved in late-pricing, you should consider selling. But before you make that decision, be sure to look at the fees you'll incur and the tax consequences of this move. (Oct 25, 2003)
Spending strategies for the holidays
One in five Americans is planning to spend less money on holiday gifts this year, but some will still go overboard. Stephanie Curtis talks to consumer advocate Gerri Detweiler about how to stick to your budget. In addition to sharing creative ways to save on gifts this holiday season, she also says that while debit cards are a convenient tool and can help prevent overspending, they don't provide the same protections as credit cards.
(Oct 25, 2003)
Domestic adoption
In the final installment of Sound Money's "Budgeting Adoption" series, reporter Mitch Teich profiles a family who was saving money to adopt an infant from the U.S. but ended up opening their home to a five-year-old. (Oct 25, 2003)
Wall Street scandal 1905
Chris Farrell learns about a business scandal that rocked Wall Street, in the early 1900's. It's the topic of the book After the Ball: Gilded Age Secrets, Boardroom Betrayals, and the Party that Ignited the Great Wall Street Scandal of 1905. We'll find out if there are any parallels to corporate scandals today when he talks to author Patricia Beard. (Oct 25, 2003)
Pros and cons of borrowing from your 401(k)
One of the most commonly asked questions we get at Sound Money is whether it makes sense to borrow from your 401(k) to pay off debts or invest in a new home. After all, the interest payments go to you, so this is a great deal, right? Our in-house investment expert Erica Whittlinger says borrowing from your retirement accounts should be your very last resort. (Oct 25, 2003)
Listener questions for October 25, 2003
This week, Chris Farrell answers questions about: LIBOR, or interest-only mortgages, work-at-home offers, using zero coupon bonds or I-bonds to save for college, book recommendations for preparing a budget and getting out of debt, and borrowing money from relatives to buy a home. (Oct 25, 2003)
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