July 30, 2000
The other game
Vince Naimoli has seen his share of challenges on the field, as managing general partner of the Devil Rays. He also saw his share of challenges off the field, as a board member of several struggling casino companies.
Dividing account makes sense, but check with Dad first
Q. My wife and I are joint owners with my five brothers and their spouses of a brokerage account invested in large-company stocks. Our father contributes $60,000 a year to the account, which is worth about $1.1-million. This account has underperformed the Standard & Poor's 500 Index for at least the past five years, and last year my wife and I paid about $9,000 in taxes on our share of the capital gains. On top of that, the brokerage firm administering the account charges a 4.5 percent annual fee.
Graduating to a new level of financial responsibility
Thousands of college graduates recently found themselves awash in a sea of student-loan debt and other serious financial responsibilities. These tips can help new graduates, and their parents, attain a measure of equilibrium.
From paints to Paradise Island
Resorts International, Merv Griffin's casino company, had its roots in Mary Carter Paint Co. of Tampa.
