My n-Daily Ranting

Wednesday, August 31, 2005

Screw you, little guy

Is it surprising that brokerage firms are quietly moving their clients' cash from money-market mutual funds -- the traditional default option -- into lower-yielding bank accounts?
Wall Street Cuts Yields on Investors' Cash
Personally, I park my cash in ING. I don't trade stocks and only buy mutual funds from Vanguard. Yes, In Vanguard I Trust, as I always said.

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