FINRA cracks down on cash equivalents

Investors typically move to cash for liquidity and stability of principal. However, a lot of the vehicles that investors have used in recent years for the “cash” portion of their portfolios can’t really assure that. Many investors this year were caught short on the liquidity part when the market for auction rate securities seized up; [...]

The overpolished college application

According to a recent article in the Wall Street Journal, the admissions deans from a dozen top-tier colleges have noticed a disappointing trend among the record early applications they’ve received: applications that are too polished, too professional, too slick due to ”misguided attempts at perfection” and parental meddling. Among the problems they note are too many passionless personal essays written [...]