This week, Major League Baseball’s All-Star game will be played at Citi Field in New York. If you’re a baseball fan, you’ll enjoy the annual gathering of the sport’s best players. And if you’re an investor, you may be able to take away some valuable lessons from the All-Stars — lessons that can prove valuable […]
Every year in early July, thousands of people “run with the bulls” in Pamplona, Spain. While the event is exciting, it is also hazardous, and many runners have gotten badly injured over the years. As an investor, you may find that running with the herd is dangerous to you, too — because if you’re constantly […]
This week, we celebrate Independence Day with fireworks, sparklers, picnics and parades. Amidst the hoopla, though, it’s always important to reflect on the many freedoms we enjoy in this country. And as an individual, you may want to use the occasion to think of another type of independence you’d like to enjoy — financial independence. […]
Are you traveling abroad this summer? If so, you won’t be alone. Increasingly, Americans seem to have gotten the “travel bug.” In fact, over one-third of the population now holds valid passports, according to the U.S. Department of State. Of course, seeing the world can help broaden our horizons in many aspects of life — […]
At long last, summer is almost here — which may mean it’s time to put together your traveling plans. Still, while you and your family may enjoy going a summertime trip, there’s one part of your life that should not go on vacation — and that’s your investment portfolio. So, what can you do to […]
Despite the soaring stock market of the past few years, some Americans are nervous about their ability to retire comfortably — or even retire at all. Consider these somewhat sobering statistics: • Almost half of American workers report being “not too confident” or “not at all confident” about being able to afford a comfortable retirement, […]
It’s unfortunate, but true: The elderly population may be the most vulnerable group in our society. In fact, in an effort to call attention to the problems of physical, emotional and financial abuse of the elderly, the United Nations has designated June 15 as World Elder Abuse Awareness Day.
If you have older parents, or even grandparents, can you do to anything to help prevent them from being victimized, especially with regard to their finances?
This month, the Dow Jones Industrial Average hit a milestone, when, for the first time, it closed above 15,000. Of course, 15,000 is a nice, round number, and it sounds pretty big — but what does it mean to you, as an individual investor? Is it cause for celebration — or is it more of a “caution” flag?
There’s no one simple answer to these questions. Since March 2009 — the low point of the market following the 2008 financial crisis — the “Dow” has risen about 130 percent. And while the Dow is just one index, it’s nonetheless an important measure of the market’s performance — which means that you were likely glad to see the 15,000 mark eclipsed and you’d be happy if the numbers just kept rising.
Interest rates are at historic lows. But they will rise eventually. If you invest in fixed-income vehicles, such as bonds, what might higher rates mean for you?
As is almost always the case in the investment world, there’s no simple answer. First, it’s important to distinguish between short-term and long-term interest rates. The Federal Reserve is determined to keep short-term rates low until unemployment improves, but, in the meantime, longer-term rates may well rise.
Depending on your situation, a rise in long-term rates can present both opportunity and concern. The opportunity: Rising rates can mean greater income if you invest in newly issued bonds. The concern: If you already own longer-term bonds, and rates rise, the value of your bonds will fall. That’s because other investors won’t want to pay full price for your bonds when they can get new ones at higher rates.
Another school year is drawing to a close — so if you have young children, they’re one year closer to the day when they head off to college. And both you and your children need to prepare for that day. Your kids can do so by developing good study habits. As for you, it’s never too soon to start preparing for the high costs of higher education.
Just how costly is college? According to the College Board’s figures for the 2012-13 academic year, the average cost for one year at an in-state four-year public school is $22,261; for a private school, the comparable expense is $43,289. And if college costs continue rising faster than the general inflation rate, these figures will increase substantially in the years ahead.