Until the economy springs forward, just keep blaming the weather
Breakfast with Benjamin: It's the weather. Repeat. Plus: Congress sticks with its attack on mortgage interest deductions, high-speed traders and you, investing in stock splits, and here's how much you should have saved for retirement.
- Investors are still waiting for any sign that the economy might be springing ahead. In the meantime, we will just keep blaming the weather and everything will be fine. Flurry of economic data on the way
- After decades of promoting homeownership as the surest path to prosperity, your elected officials are now trying to ditch the mortgage interest deduction. Your tax dollars at work. If all else fails, stoke the class warfare debate
- High-speed traders might be unintentionally providing some benefit to ordinary investors by helping to enforce and speed up the synchronization process. Should Congress limit mortgage deduction?
- If you can take advantage of a single company splitting its stock price, why not build an entire portfolio on stock splits? It’s not a completely crazy notion. Increased investor access and P/E momentum
- How big is that retirement nest egg, and how big should it be? Take a gander at some very rudimentary but helpful guidelines. If you’re 40 and making $100K, you should have at least $220k saved
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