DOLLARS & SENSE : MONEY MATTERS.WATERHOUSE DOW: Discount broker Waterhouse Securities has launched an index fund based on the 30-company Dow Jones industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. . Waterhouse is the first to receive a license to use the Dow as the basis for an index mutual fund. This no-load fund A type of Mutual Fund that does not impose extra charges for administrative and selling expenses incurred in offering its shares for sale to the public. has a minimum initial investment of $1,000, but it is waved for investors who sign up for periodic investing. The 30 firms in the Dow represent a sixth of the $12 trillion market value of all U.S. stocks and about a fourth of the value of stocks on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Call (800) 934-4443 for more information. LA-LA LAND la-la land n. 1. A place renowned for its frivolous activity. 2. A state of mind characterized by unrealistic expectations or a lack of seriousness. [After L(os) A(ngeles).] VISA: Credit card issuer First USA is offering the ``Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Platinum Visa,'' a no-annual fee card that sports four images of the city. New card members get a 9.99 percent fixed annual percentage rate, a credit line of up to $100,000 and no transaction fees on balance transfers. They also get two free guidebooks - The Best of Los Angeles and L.A. Restaurants - and discounts at selected merchants. To apply, call toll-free at (877) 8LA-CARD. INVESTOR SPOTLIGHT Name: Bill Roeder Residence: Burbank Occupation: Retired employment counselor Age: 57 How he got started: Roeder's first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my investing came through an individual retirement account, which he opened to shelter some of his money from taxes. Afterwards, he delved into the stock market, buying Disney and 20th Century shares. He prefers to invest in local companies because he can better keep an eye on them: Disney is based in Burbank and 20th Century in Woodland Hills. With Disney, for instance, he would check out the customer traffic at its retail stores and drop by Disneyland to see if the parking lot was full. Roeder also watches movies made by Disney's Touchstone Pictures. Best stock pick: Acapulco. He bought it for $7 a share in the early 1980s, and sold it for $11 a share four years later. Worst stock pick: Activision. He purchased it for $12 a share in 1984 and sold it at $6 a share five years later. Investment philosophy: ``Buy a good product that you're familiar with, that's close to home. ... I don't like to speculate on things I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. about.'' CAPTION(S): Photo PHOTO (Color) no caption (Bill Roeder) |
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