In Brief

  • MAGELLAN'S RISK Fidelity wants to allow its Magellan Fund to invest as much as 25% of its assets in one company--up from 5%. This will potentially lessen the fund's diversification and increase its risk. If that worries you, better check the fine print of your other funds. Most companies already allow managers to invest up to 25% of a fund's assets in a single company, but most funds keep their maximum exposure well under 10%.

    Funds -- The most they have invested in one company
    T.Rowe Price Blue Chip Growth Fund -- 3.9% Alliance Growth Fund -- 8.3% Dreyfus Appreciation Fund -- 6.3% Strong Growth & Income Fund -- 5.4%

    DON'T FILL IN THE BLANKS Tired of having to type in your life story every time you want to book travel plans on the Web? You aren't the only one. More than 40% of Web users are loath to go to a site that makes them register. Thankfully, more and more sites seem to be paying attention to our gripes. just waived its registration page, which used to pop up before you could even use the site. Preview Travel nixed its, and the new Wal-Mart travel site never had one. Now you have to register only when you want to book a ticket. If only the rest of the Web would follow suit.

    TAX DANCE Got a big tax debt that you can't handle? Negotiate. Last year the number of cases the IRS settled for less than full payment markedly increased. The agency figures it's better to get some money than none at all. You will have to prove that the debt is too high for you to ever pay. It begs the question as to whether the change will encourage some folks to be more "aggressive" in their filings.