In the end, Bill Miller was doing what he had always done. But it stopped working, and now the legendary mutual fund manager is retiring. His inglorious departure from Legg Mason Value Trust offers a telling lesson in the perils …
They’re aiming too low, they’re fundamentally divided on matters of principle, and they have no muscle. In the end, it’s Congress that will have to tackle U.S. economic problems.
When Michael Vick declared bankruptcy, it raised our eyebrows. Sure, we knew his legal defense against dogfighting charges would have cost a lot of money, but not THAT much money. He, like a host of other visible athletes, made …
The problems caused by rising debt are fundamentally different in the U.S. from those in Europe, but they are equally daunting.
Money market mutual funds are not the same as savings accounts. A lot of people don’t understand that, and now the SEC wants to make it clear.
Free advice on how to manage your 401(k) is widely available and routinely ignored. Here’s why you should give it a try.
The problems in Europe will negatively affect the U.S. but also create a few opportunities
A lot of folks in and near retirement are finding out the hard way what studies have long shown: Market declines are especially damaging in the years just before or after you quit work for good.
The Treasury Department set at zero the fixed portion of the yield on Inflation bonds, guaranteeing that new buyers will never earn more than the rate of inflation for the 30-year life of their investment.
U.S. share prices are rising, even though the economic picture both here and in Europe is getting worse. Why is it happening and what should you do about it?
The recent rally was a chance to see which shares would likely lead the next major market advance.