| Nigeria: Statutory Allocation, Pension Fund Drive Share Prices in ...
The investment banking arm of Sterling Bank Plc has attributed the increase in the prices of stocks on the Nigerian Stock Exchange in the first quarter of 2007 to the inflow of statutory allocations estimated at N996 billion and the N600 billion pension monies into the capital market. In its first quarter 2007 economic review and outlook, the Research and Investment Advisory Department of Sterling Capital Markets Limited stated that the capital market became the toast of investors following the declining yield in the money market .
After 40 Years Prosecuting Crimes, Retirement Is Scary Prospect
It's hard to picture Robert F. Horan Jr. as a defense attorney. But there was a time, in the mid-1960s, when the man who would become Fairfax County's chief prosecutor for 40 years worked on the other side of the courtroom. Then, in 1966, while he was representing a man charged with sexual assault, the Supreme Court ruled that suspects must be advised of their rights, a precursor to the Miranda case. Horan argued that his client's confession was illegal, a judge threw it out and the man ultimately was acquitted. .
Family Finances: 10 commandments of mutual fund investing
We consider mutual funds about the best way for the average family to invest. The key: You must choose your funds wisely. Data seem to agree that families like mutual funds. Almost one of every two households invests in them, according to the Investment Company Institute. The median amount -- or the middle amount invested in mutual funds -- is $48,000. That's more than one-third of a household's financial assets, which also include stocks, bonds, cash, bank and insurance investments. But if your family invests in mutual funds, be sure you know what you are doing. Here are 10 commandments to adhere to when investing in mutual funds, as originally published in our book, "The Complete Idiot's Guide to Making Money with Mutual Funds" (Alpha). 1. Always understand exactly what you're investing in.
Terry Bill Supports Stay-At-Home Parents
Rep. Lee Terry and Sen. Sam Brownback have introduced a bill that would allow parents the freedom to stay at home with their children. The proposed Parents' Tax Relief Act, which the legislators offered in March, would give stay-at-home parents tax breaks that would help relieve some of the financial problems that they face. .
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