Gap between what they have and what they need closing in on $450,000.
Active strategies, diversification work and are necessary
Study shows usage rose 27% annually over five years as hype has grown.
Today: Who will be happy with Obama's budget blueprint? Plus, a contrarian idea for stocks, tapering already, gold, GMATs and g-forces.
<i>Friday's menu:</i> Gold rides high on the taper effect, playing smart defense with a wide-moat ETF, blaming cold weather in February, stirring the income inequality pot, why you should complete your LinkedIn profile, and the SEC shows some love.
As strategists warned of calamity, investors dropped $3B a week into emerging-market funds.
While emerging-market equities trade at the biggest valuation discount versus advanced-nation stocks since 2006, investors are concerned that slowing economic growth and reduced Federal Reserve stimulus will lead to more losses.
Asset management industry thriving despite recession, study shows.
Goldman Sachs' first closed-end fund IPO had a sterling debut, raising hopes for a rebound in the sector. The fund benefited from the combination of brand appeal and the focus on master limited partnerships, which have been a hot asset class.
Investors who shy away from fixed income because of rising-rate fears are missing opportunities. Here are some areas to check out.
CEO and COO also ordered to pay $175,000 in penalties .
<i>Breakfast with Benjamin:</i>The Bond King: China's a big risk. Plus: JPMorgan goes on a settlement binge, finance industry tells investors to stay calm, Obama administration catches a CBO boomerang, and some healthy balance sheets for the New Year.
Asset manager is the country's largest debtholder; growing violence spurs unprecedented losses.
CEO says long-term investors staying the course, blames hedge funds for volatility.
Dennis Stattman, manager of BlackRock's global allocation fund, has made advisers look smart and has kept clients happy thanks to 25 years of outperformance.
Slight economic improvement keeps central bankers on track as they commit to keeping target interest rate near zero.
<i>Breakfast with Benjamin:</i> Tesla races ahead of the rest of Wall Street as the Fed talks rate increase. Plus: What firm stands to win big in the Facebook-WhatsApp deal; wealthy investors take interest in some unusual currencies other than Bitcoin and who manages your mortgage?
In this Q&A, Pimco's Dan Ivascyn and Alfred Murata, recently named fund managers of the year by Morningstar, open up about generating income and preserving capital.
