It's a new year and a new beginning. So you're entitled to take a new approach to your investments and personal finances. Here are my 2009 Terry's Tips to start the year out right.
If you have family gathered round you today, this column will be important. But if you are alone on this holiday -- or know someone who is, by choice or by chance -- I entrust you with this important and serious task.
Is it possible to make money in the stock market by holding stocks for the long run? Yes, and there's living proof. But the man who has done it for himself, his subscribers and his managed accounts is about to retire!
Friday, December 19, 2008
Madoff case shows warning clearly bears repeating Terry Savage: There is a certain fascination in watching the growing list of sophisticated investors who were taken in by the $50 billion investment fraud perpetrated by Bernie Madoff. Those scammed range from Steven Spielberg and Jeffrey Katzenberg, of Hollywood fame, to some of the world's largest banks, like HSBC and Banco Santander. And it also includes hundreds of retirees and many charitable foundations, as well as the country club set in Palm Beach and New York.
Wednesday, December 17, 2008
Fed cuts rates to fight recession, deflation Terry Savage: How low can interest rates go? We’re about to find out. The Federal Reserve just cut its short term interest rate target from 1 percent down to a range of zero to .25 percent. Yes, that’s correct. Short-term rates will now be pushed to their lowest level in history, in another attempt to jump-start the economy. The Fed signaled that it will also attempt to cut longer-term interest rates, typically set by the market. They’ll be buying 10-year government bonds a move that will push bond prices up and yields down. Late Tuesday, many banks cut the prime rate from 4 percent to 3.25 percent.
