More Money Monday roundup: Mutual fund pitfalls & holiday tipping guidance
Personal finance from around the Web on Monday:
- Charity begins at...eBay? As Christmas approaches, the auction site contains a growing number of listings that aren't selling anything, but instead are asking people to donate money to families in need. It's unclear how many of these requests are authentic and how many are simply scams. [The Red Tape Chronicles]
- A loophole in the Senate health care bill would permit insurers to put annual limits on the money they pay for costly illnesses. Patient advocates say this provision will gut a major consumer protection the bill is supposed to put in place. [Associated Press]
- The House of Representatives has passed a bill tightening regulation of the financial services industry. But it's very possible that some of its major features will be loosened up as the bill makes its way through Congress. [Economist's View]
- A star portfolio manager's departure from TCW Group highlights some major pitfalls of mutual fund investing. Chief among them: A fund company's interests can diverge markedly from those of the investors in the company's funds. [Mutual Fund Insider]
- Not sure whom to tip this holiday season, or how much? Consult these guidelines from Emily Post. [fivecentnickel.com]
Follow More Money on Twitter at http://twitter.com/moremoneyblog.