529 Plans for College
Fool's School
To maximize savings for their children's education while minimizing taxes, many folks are using Coverdell ESAs and custodial accounts. Here's another good option: the 529 plan. A 529 plan allows you to either prepay tuition for qualified colleges or save funds in a tax-free account to be used to pay higher education costs. Full Story
From $17,000 to $500
My Dumbest Investment
By sheer coincidence, I received a spam e-mail with a stock tip just one day after I signed up for a legitimate stock recommendation service. I didn't pay as much attention as I should have and assumed the spam e-mail was legitimate. I sunk more than $17,000 into a penny stock at an average cost of $0.166 per share. Full Story
Ask the Fool
Channel Stuffing
Q What does it mean when a company is said to be "stuffing the channel"? - J.E., Elizabeth City, N.C. A When a company stuffs the channel, it ships inventory ahead of schedule, filling its distribution channels with more products than are needed. Full Story
Name That Company
I was born in 1853 in Rochester, N.Y., and by 1903, I'd received patents for microscopes, binoculars and a camera shutter. I made America's first optical quality glass, developed sunglasses for the military in World War I, and in 1971, introduced the first soft contact lenses. Today I generate more than $2 billion in revenues annually. Full Story
Free Drugs From Merck
The Motley Fool Take
For young women in some of the poorest countries in the world, Merck's (NYSE: MRK) latest move could be a lifesaver. The company plans to donate enough of its Gardasil vaccine to vaccinate 1 million women against the human papilloma virus, which causes 250,000 deaths each year from cervical cancer. Full Story
Last week's trivia answer
Founded in 1849 in Brooklyn, my first product was an anti-parasitic. By 1900, I mainly sold citric acid, camphor, cream of tartar, borax and iodine. I began making penicillin during World War II and was soon the world's largest producer of it. My animal products division began in 1952. Full Story
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