"Sometimes, consumers' outrage is out of bounds" writes columnist Chuck Jaffe

Jul 01 07

"Sometimes, consumers' outrage is out of bounds" writes columnist Chuck Jaffe. The column discusses a letter from someone "outraged by an expense fee on a money market account" (Columbia Cash Reserves Daily) with an expense ratio of 0.8%. The writer describes the fund as a "poorest performing cash investment" though the fund returned 4.63% in the year through May 31, 2007 -- higher than ING Direct's Orange Savings. Though the fund isn't exactly a world-beater among money market funds, it is hardly a poor performance for "cash".

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