The main driver behind this type of partnership would be the ability to give our kids access to community college classes on their back doorstep.

The fund industry has sabotaged its ability to produce a meaningful tax-advantaged dividend stream to investors,

The fund industry needs heroes. You need star managers to generate interest.

You want to start a discipline. Get with the program. See what it's like to be in the investment markets.

Generating income is an important, yet often overlooked component of total return. After a prolonged infatuation with capital appreciation, investors, especially those nearing retirement, are now more focused on income-producing investments. We created the Morningstar Dividend Leaders Index to help investors better understand the income potential of equities.

If your goal is to restrict the asset growth of Magellan to keep it a smaller and more nimble fund, this isn't going to do it.

Investors are favoring lower-cost funds and are putting more assets into them.

Investors may not focus first and foremost on cost, but they recognize the impact of cost more. It's a huge amount when you think about the collective savings.

In either case, you're talking about a very low-cost investment, which should be very attractive.

It may effect our ending balance at the end of the year but we don't know yet. That's why you have reserves beyond the basic minimum. ... for when things happen like this,