Do rich people spend much time counting their money? Some Americans, including President Obama, must think so. From his speeches, the President appears not to like rich people very much even though he’s one of them. On more than one occasion he’s broadly...
With the recent market ups and downs, it is easy to revert back to the same feelings we all had in 2008-2009. The feeling of being out of control can become overwhelming; the fear of losing our hard-earned money in the market becomes unbearable. The “quick fix” we...
With the U.S. stock market’s dismal performance during the “lost decade,” return-chasing investors looking for the next best thing may think they have found it in commodities. This asset class returned around six percent annually during the past 10 years....
Traditionally, advisers have said a well-diversified retirement portfolio could throw off 4% per year in income in perpetuity; more recently, some firms have created more flexible models that let retirees take 8% or more. Catey Hill, a reporter with Smart Money,...
Pull your hat down and hang on tight. Once again, the stock market roller coaster has left the station. One floor trader said in his 43 years he’s never seen the volatility we’ve experienced in the past two weeks. I guess 2008 was just a warm-up. It seems...
