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Academic Both domestic and foreign business schools offer some of the most informative sites on the Internet, including Darden School of Business of The University of Virginia, Fisher College of Business at Ohio State, Fuqua School of Business at Duke, Harvard Business School and its Baker Library, Owen Graduate School of Management at Vanderbilt, Tuck School of Business at Dartmouth, University of Chicago Graduate School of Business, The Wharton School of The University of Pennsylvania, especially that portion of the site labeled Knowledge at Wharton Many of the business schools have segments directly related to finance and investing. Among the best are Fisher College of Business at Ohio State Department of Finance, with its Finance Sites List, Harvard Business School's Working Knowledge and Faculty & Research/Finance, Knowledge at Wharton's Finance & Investment Associations The American Association of Individual Investors is a highly regarded non-profit organization devoted to educating investors. AAII provides its members with a wide range of services for a fee, but limited free access to the site is available by registration. The Financial Management Association is a group that strives to bring the academic and practitioner closer together. Its site FMA Online contains a treasure trove of both video and text presentations on all areas of corporate finance and investing. An outstanding site. TIFF Education Foundation: is the educational arm of The Investment Fund for Foundations, a Charlottesville, Virginia, based not-for-profit organization providing investment management for foundations. The site houses a large collection of articles and commentary that is as entertaining as it educational. Caution, you won't get it if you don't like baseball! TIAA-CREF, which is short for Teachers Insurance Annuity Association and College Retirement Equities Fund, was founded in 1918 to provide retirement plans for college and university faculty. Subsequently, TIAA-CREF has grown to be one of the most well known and respected providers of insurance, annuities and mutual funds, primarily to employees of non-profit institutions, such as colleges, universities, secondary schools and hospitals. Until 1997 a non-profit organization, TIAA-CREF has earned a deserved reputation as offering among the lowest cost investment and insurance products available. A recent Morningstar study of mutual fund costs showed TIAA-CREF having the industry’s lowest rates. For the last two or three years, however, TIAA-CREF appears to be expanding its retail financial business beyond its traditional non-profit market base, and in July 2005 proposed major increases in its mutual fund management fees. The first attempt was rejected by fund shareholders, but now the giant non-profit pension and insurance company is rumored to be considering a second attempt at major fee increases. We have long favored the selective use of TIAA-CREF annuities and funds, where appropriate, in part because of their significantly lower costs. We will be closely watching what happens in the following weeks and months. |
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