As long as there's money to be made by the scolds who despise President Barack Obama, there will be a litany of spurious proposals on the Internet that America's stupids want to believe. There is no proposal to confiscate IRAs and 401(k) accounts.Read More »
Yep, you're missing something, and it's your brain, which is probably in the back of your pickup.Read More »
I am thinking of buying 2,000 shares of Bank of America at $12.45 a share. In the past 10 years, I have been in and out of this issue and have made good money each time. I believe that the stock can move to the $17 to $18 level this year, which could give me a good gain.
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Now that American Airlines is going to merge with US Airways Group Inc., do you think the resulting company will be a good investment?Read More »
Like most of us, I am looking for higher yields on my certificates of deposit. I have a $7,000 CD, which paid 4.5 percent, that recently came due, and a neighbor, whose husband works in France for an American drug company, told me that they recently bought 300 shares of a French utility called GDF Suez, because it yields 9.2 percent.Read More »
I know the Securities and Exchange Commission tells us not to use past results to judge future performance, but we must select five mutual funds for our 2-year-old granddaughter, whose parents are the most financially naive couple — my wife says stupid — in the Midwest.Read More »
I needed a professional whom I couldn't intimidate (this is important) and who would ask questions about my investment choices, keep me on my financial tiptoes and could make sure that my personal feelings or emotions did not compromise my investment decisions.Read More »
Your answer last month to CC in Vancouver, Wash., about taking $9,000 from his annuity for income confuses me. His adviser said that if he took more than 6 percent of his initial $112,000 investment, or $6,720, his annuity value would be reduced by the difference between the $9,000 he would take and the $6,720 he was allowed to take, or $2,820.Read More »
In the summer of 2009, I had $5,000 to invest in my individual retirement account, and my broker recommended I buy 500 shares of Rackspace US Inc. at $9, and I'm glad I did. The company is in San Antonio, and my husband and I have a friend working there who tells us how enthusiastic he is about this company.
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HSBC Holdings PLC was fined $1.92 billion recently for helping terrorist nations launder trillions of dollars, and its stock actually appreciated after the announcement. The increase in stock price certainly impressed me. So do you think 200 shares of HSBC would be a good long-term investment?Read More »