Dear Mr. Berko: My brother is an Ohio farmer who lost $63,000 that he put for safekeeping and a good yield at MF Global. Two of his neighbors also suffered losses that have put them in a serious bind because it was money they needed for feed, seed and expenses. All have had money at MF Global for years, but after Jon Corzine took over, the money disappeared.Read More »
DEAR BENNY: I live with my girlfriend at her house. I am trying to fix our backyard and we have a neighbor behind us with a 100-year-old oak tree. There are two main trunks of that tree hanging over our fence line. We are not talking about some small branches, but a main trunk and top canopy is 40-45 feet over our property.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.
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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 »