Strategic defaults, the practice of homeowners defaulting on their mortgage even though they have the financial capability to make the payments, are on the rise.Read More »
Dear Mr. Berko: I would like to invest $14,000 in a defense stock. My broker recommended Lockheed Martin. But I know Raytheon and Northrop Grumman, recommended by another broker, are also defense stocks. How do I make a decision on which stock to pick? I would appreciate your recommendation on the best of the three. – GS, Aurora, Ill.
Tagged with: Malcolm BerkoRead More »
DEAR BENNY: We recently had a contract to sell our home to a “cash” buyer. He and his wife were allegedly inheriting a large sum of money, and their Realtor confirmed that she had seen the bank account statement confirming ...Read More »
If we always do what we’ve always done, we’ll always get what we’ve always gotten. Versions of this adage have been around for generations, and I am as much a creature of habit as anyone, but in this season of ...Read More »
Dear Mr. Berko: We just came into a windfall of $14,000 and asked a broker what we should invest our money in. We told him that we are both 40 and have good jobs but that we want to save ...Read More »
Dear Mr. Berko: I have $40,000 in cash sitting in my IRA that I need to invest for dividends and growth. I’ve got to be careful with this money, though, because at age 78 I’m not working and cannot earn ...Read More »