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Sound Money for November 15, 2003
 Bogle on the mutual fund fiasco
Vanguard founder John Bogle is outspoken on the need for improved corporate governance of and lower fees for mutual funds. He talks with Chris Farrell about what must be done to reform the industry in light of misbehavior at firms like Putnam and Strong. The first step: to change the industry so it operates in the best interests of consumers, not managers. He thinks this can only happen through legislation. (Nov. 15, 2003)
Late trading and market timing
Concerned about how the mutual fund mess is impacting your portfolio, but unclear about just what they've done wrong? USA Today columnist Sandra Block joins Stephanie Curtis to explain market timing and late trading.
(Nov. 15, 2003)
Market timing is not a crime
Now that you understand market timing, do you think it's unethical? Market timer Roger Schreiner doesn't believe it is. He says that if a fund has a stated policy about market timing, he'll steer clear, but if a fund has no such policy, it's the fund's fault, not that of the market timer. He explains why he feels his investment philosophy is legitimate. (Nov. 15, 2003)
Future of the financial industry
If individual investors lose trust in mutual funds, where will they put their money next? Most Americans used to put their money in bank accounts or money markets. But since rates are hovering under two percent for these vehicles, they can't provide the returns average investors need to build a retirement nest egg. Chris Farrell speaks with MIT finance professor Andrew Lo about the future of the financial industry. (Nov. 15, 2003)
Alternatives to mutual funds
Are you eager to get out of your mutual funds now instead of waiting for the next shoe to drop? Then exchange traded funds or managed accounts may be right for you. We'll talk about alternatives to mutual funds with financial planner Linda Tarbox of Tarbox Equity in Newport Beach, California. (Nov. 15, 2003)
Listener questions for November 15, 2003
This week, our in-house investment expert Erica Whittlinger answers questions about: saving for a car, rolling a 401(k) into a 403(b), what to do if your company is not putting your money into your 401(k), choosing between a traditional or Roth IRA, whether it ever makes sense to own a variable annuity, choosing between real estate investing and index funds, and where to invest based on the current health of the economy. (Nov. 15, 2003)
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