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 …
Portfolio Strategy
Three Reasons the Super Committee Can’t Possibly Succeed
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.
What Separates A Pro Athlete From His Money?
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 …
Is Europe’s Crisis a Glimpse of America’s Future?
The problems caused by rising debt are fundamentally different in the U.S. from those in Europe, but they are equally daunting.
When a Savings Account is Not a Savings Account
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.
Warren Buffett Is Buying. Is It Time to Celebrate?
It’s possible to over-analyze Warren Buffett’s investment moves. But that doesn’t seem to stop anyone, and the Oracle of Omaha’s latest disclosures are whipping up a stir over prospects for a robust recovery.
Why So Many Unwisely Turn Down Free 401(k) Advice
Free advice on how to manage your 401(k) is widely available and routinely ignored. Here’s why you should give it a try.
What the Greek Debt Crisis Means for You
The problems in Europe will negatively affect the U.S. but also create a few opportunities
How to Retire in a Bear Market
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.
Bond Yield Hits Historic Low: 0%
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.
Why the Stock Market Rally Isn’t Likely to Last
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?
Hints of the Future In Today’s Topsy-Turvy Stock Market
The recent rally was a chance to see which shares would likely lead the next major market advance.
