Word: egges
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Some advisers think the high minimum isn't such a bad thing. Maybe betting the nest egg on hype-heavy IPOs is just another way for middle-class families to lose their shirts to financiers who wear nicer shirts to begin with. What will happen the first time Wit sells shares of some loser at $12 and they promptly sink to, say, $4? "These deals tend to be highly volatile," says a banking executive. "They appeal to people who can afford a certain amount of risk. But the mom-and-pops? God love 'em. It's not easy...
...Crimson may have dominated the offensive play and had numerous scoring chances, but a zero on the scoreboard tells the final story. Lucky or unlucky, a goose egg will never win a game, so Harvard's focus in practice has been on putting the ball into the goal...
...labors have grown two orders of women and men willing to take risks and make sacrifices... Between her travels to the order's far-flung outposts, Mother Teresa rises at 4:30 a.m., prays, sings the Mass with her sister nuns, joins them for a spare meal of an egg, bread, banana and tea, then goes out into the city to work. Age and authority have not changed her; she is at ease these days with Pope and Prime Minister, but she still cleans convent toilets. She has won an array of international honors, including India's Order...
...savings, and, if they are widows, the proceeds of their late husband's life insurance. (Con artists avidly read obituary pages to spot new widows' names.) But the seniors know that they are likely to live much longer than their predecessors--maybe long enough to use up their nest egg. And many are fiercely determined never to become a burden to their kids. Sadly, that combination makes them easy prey for phony investment schemes...
...wanted the kids to be proud of me, wanted to increase my nest egg," says Ruth Crosson, 79, of Golden, Colo. She pooled her life savings with money borrowed on an insurance policy and turned over $100,000 to Richard O'Donnell, an insurance agent who had vowed after the death of her husband 10 years earlier that Crosson would be taken care of. Over the years, O'Donnell told Crosson and 17 other victims that he would invest their money in insurance ventures that would pay them dividends of 13% a year. Actually, he was running a Ponzi scheme...