How PIMCO's Bill Gross got so filthy rich and why he now calls other rich folks unwilling to pay higher taxes “Scrooge McDucks.”
If we learned nothing from the 2008 financial crisis, it is that it is never too early to worry about the next real estate bubble.
The euro took a nasty nose dive overnight, hitting a two-week low on Friday after its biggest one-day decline in 16 months. The currency is falling on weaker inflation data that has the market betting that the European Central Bank will start cutting interest rates.
Russia's economic growth at less than 2% is a stark contrast to the 7% growth seen prior to 2008, and Russian Prime Minister Dmitry Medvedev wants the country's central bank to cut rates below the 5.5% level it has held for more than a year.
With the Twitter Inc. initial public offering expected to happen as early as next week, financial advisers should expect clients to start clamoring for a piece of the hottest ticket since last year's Facebook IPO.
Keep in mind the Facebook offering is still regarded as one of the biggest busts in recent IPO history. Despite Facebook's retail investor allure, the stock performed so poorly after its May 2012 offering that it took 16 months for the price to get back to the $42 IPO price.
Based purely on increased access and usage, it was pretty clear that Obamacare was going to be good for health care sector stocks. But now it looks like the disastrous website launch could also be good for certain brand name technology sector stocks.
Leave it to a veteran financial adviser like Lew Altfest to find just the right words for coaxing reluctant clients into the best of alternative strategies.