Savings & Investments
We’d all been waiting for the big day, but the chapel the ceremony took place in was very small—just a room with Christian symbols and a few chairs. My wife Jo's father was waiting for us in his hospital bed, grinning from ear to ear. Despite the feeding tube, he still managed to devour a few bites of our wedding cake.
With few exceptions, state and local pension funds are woefully underfunded. Five heavily populated states—California, Illinois, Ohio, New Jersey, and Texas—collectively lack $431.5 billion; money that won’t be paid out to hopeful pensioners.
“I don’t know what to do,” said my good friend Rob after inviting my wife Jo and me to dinner for the third time in two weeks. “I know I should do something. Every time I think about it, it scares the hell out of me! Maybe I should just hide everything under the mattress.”
When it comes to buying bonds, credit ratings aren't the only thing to consider—because what the bond rating agencies tell you is not the whole picture...
Constant vigilance is imperative for seniors, savers and income investors. It allows for flexibility in response to market conditions when a coming storm threatens the security of investments. It’s possible to maneuver into a safer position when you know what’s ahead. Learn more about how to gain agility by recognizing political and social changes that could impact your portfolio.
Optimal diversification: We all want it. Diversification is, after all, the holy grail of portfolio management. Our senior research analyst Andrey Dashkov has said that many times before, and he echoes that refrain in his editorial guest spot below.
Having a good, balanced portfolio means having an investing strategy that brings healthy returns while protecting your nest egg from risk. The best possible way to protect any portfolio is by diversifying. It seems like a mantra to many, but many have never explored how diversification can protect them based on possible, hypothetical situations. We explore that and prove out, once again, that the best way to avoid catastrophic losses is by putting your eggs in many baskets.
There are many common traps that retirees or soon-to-be-retirees fall into. We’ve laid out the top 10 here to help you avoid these pitfalls. Don’t be surprised if you find yourself falling into some of these traps – many have. But it’s important to be aware of them and plan accordingly to make sure you have the retirement you’ve planned and worked for.
The toy trap: we all have friends who’ve fallen in. I received a wave of emails after publishing Debt: The Last Social Taboo?, all sharing similar sad stories.
Keep this goal in mind as you read on: solid income and growth with minimal risk and no catastrophic losses. Just tuck it in the back of your head.
Much fuss was made yesterday when my colleague Nick Giambruno released a report outlining the incredible tax benefits to be had, by Americans no less (the only people in the world to be taxed back home even when we leave), in Puerto Rico.
You may have heard the old adage: “What is worse than being lost? Not knowing you are lost.” In that same vein: What is worse than being at risk? You guessed it! Not knowing you’re at risk.
Dieting is a four-letter word to many, but a necessary evil for an equal number of people. Losing weight is not only good for your health, it can also be good for your wallet. On average, people aged 65+ spend more than $5,000 per year on health-related expenses. Not all of them can be avoided, but there are some life changes that you can make now to slim your waistline and redirect some of those healthcare dollars back into your portfolio.
The mention of a government-backed IRA in Obama’s state of the union address earlier this year may look like a good deal. After all, who wouldn’t want a retirement account with the full backing of the US government? But, despite its fanfare, myRA may not be the right choice for all (any) investors. Read on to see why this new program isn’t all it’s cracked up to be. His finger to his lips as if to say "Shhh!"
The junior resource market has been a bear for the last couple of years, but no matter what happens with this market there can be a place for it even in the most conservative of portfolios. Dennis interviews Louis James, editor of Casey International Speculator, to get a fuller understanding of this market and the safest ways to invest in it.