Through ads, many of which he starred in, the salesman shared his belief that tax-free bonds were a sound investment.
Midweek <i>Breakfast with Benjamin:</i> Republicans ready to rule. Plus: What investors might expect, advice from Jack Bogle, the hits keep coming for Nick Schosch and Pimco's bad October.
<i>Breakfast with Benjamin:</i> Who's spending what on the election, what worries Vanguard's CEO, oil is cratering and here are stocks to consider, and JPMorgan is not out of the woods.
Purchases by foreign central banks, pension funds, prop up prices.
On today's <i>Breakfast with Benjamin</i> menu, Bill Gross' Pimco exit is changing the way we look at star fund managers, Japan's latest stimulus plan triggers a market rally, watching out for those mutual fund tax burdens, and more.
Money manager scaling back investments in Asia in favor of Europe and the U.S.
<i>Breakfast with Benjamin</i> - The Federal Reserve's QE sleight of hand, cheap oil's winners and losers, Schwab bringing advisers premium Morningstar access, and more.
Weak economic numbers and an Ebola panic spurred a pullback, causing the S&P 500 to give back the year's gains.
Analyzing the current equity and fixed income scene to identify potential growth areas
Stock price of money manager more than doubled since 2012 with new CEO and cost cuts as inflows return
Move comes on heels of record withdrawals from Pimco Total Return after Gross exit
Central banks' efforts to fuel inflation have pushed up financial assets, rather than prices in the real economy.
Chances high for a year-end rally but if bears take control, longer-term bets could be at risk.
Pattern of investors moving out of stocks could be set for balance of the year and into 2015.
<i>Breakfast with Benjamin</i>: The bitter economic costs of cheap oil, plus notes on taking advantage of the rising dollar, avoiding bond funds like the plague, and running toward market volatility.
One upside to the stock market carnage of the past week or two is that the wildly popular alternative-strategy mutual funds, better known as liquid alts, have finally been tested on the open road.
Claims over the firm's Puerto Rican bond funds exceed $900 million, three times as much as in the first quarter, and plaintiffs' attorneys say the number will probably climb higher.
Recent global economic and political turmoil leads to doubt about forecasts from Federal Reserve officials &mdash; and most Wall Street economists &mdash; that the Fed will begin to lift its benchmark interest rates in mid-2015.
