This Saturday in Personal Finance Focus
David Landis
07/13/00 - 09:20 PM EDT
If you're a regular reader of
TSC you probably know to take mutual fund advertising claims with a grain of salt. But some less sophisticated investors could be misled by impressive-looking short-term results -- and an
Securities and Exchange Commission rule is partly to blame.
In Saturday's Personal Finance Focus,
Mercer Bullard, a former SEC assistant chief counsel and occasional
TSC contributor, explains how SEC reporting requirements sometimes permit -- actually, require -- fund companies to advertise their latest 12-month returns, even when they might prove misleading.
Also coming Saturday:
Jim Cramer reveals the list of funds into which he promised last Saturday to sink $100,000 of his own money. Ian McDonald turns up a collection of bargain-priced growth stocks favored by mutual fund managers in The Big Screen. Tracy Byrnes explains whether Roth IRA distributions can count toward the alternative minimum tax in Tax Forum. Ilana Polyak profiles a Web investing site that bundles free portfolio advice with its mutual funds.
We'll also have
Mark Ingebretsen's Tools of the Trade column, Options Forum and more. See you Saturday.