Stocks markets worldwide declined Monday as the U.S. government faced a shutdown due to the Congressional budget stalemate. Today, markets rose, even though the shutdown occurred. Here are some considerations for investors: As long as this is a short-term event, it should have little economic or market impact. Political events drive markets only in the short-term; the economy and corporate profits […]
Month: September 2013
What We’ve Learned Five Years After the 2008 Crisis
Five years ago this month the world’s financial markets endured one of their biggest crises ever. Lehman Brothers Holdings failed, igniting a firestorm. Within days the unthinkable occurred: Insurance giant AIG and government mortgage agencies Freddie Mac and Fannie Mae were taken over by the federal government. The storied investment house of Merrill Lynch was taken over by Bank of […]
More Stocks Can Mean a More Secure Retirement
Some people who are about to retire make a big mistake: They keep too much of their retirement portfolio in “safe” fixed-income investments, and not enough in “risky” stocks. Some also make another mistake in retirement: They take too much money out in certain years, making it hard for the portfolio to recover from bear markets. Financial writer Paul Merriman […]
