Mar 8, 2012
My problem is that my brother (in his late 20s) is super lazy and would never do any financial planning on his own. I've been trying to get him to open a Roth IRA for a while, but no chance. So now I'm thinking of starting one for him for his birthday and setting it up so a certain portion of his paycheck will transfer automatically. But there's no way he will ever be motivated/responsible enough to do his own investing. I'm not sure what strategy to follow because I don't want to do his investments for him. Is it worth hiring a professional? Do the major online trading sites (Etrade, Vanguard, ScottTrade, etc.) offer some kind of package where you just add some money and it is professionally invested for you? Any advice you have would be greatly appreciated!! Thank you! Laura, Chicago, IL
Mar 7, 2012
I don't think investors should fear the march of time. The specter of a baby boomer-driven stock and bond market implosion seems implausible to me largely because of the move toward market economies around the world. By the time retiring boomers are selling in earnest, markets will be even more global than they are now. There are a lot of foreigners to buy U.S. assets.
Feb 17, 2012
Yep, that’s trillion with a “T”.
Jan 26, 2012
Learn the difference between secured and unsecured debt -- a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank.
Jan 4, 2012
The hard economic times in Europe have actually been a good thing for Germany, which can still borrow at low rates and benefit in export markets.
Jan 3, 2012
Marketplace's Paddy Hirsch explains why high-yield bonds are just as risky as used auto parts.
Dec 28, 2011
Iran has repeated its threat to block the Straight of Hormuz where about a-fifth of the world's oil passes through. In Italy today, investors seemed happy to buy up the country's debt.
Dec 27, 2011
We talk a lot about the stock market, but the real lifeblood of U.S. companies is the corporate bond market, which is twice as large.
Dec 20, 2011
A surprisingly successful Spanish bond sale and news of an increase in new home construction spurred markets to rally today.
Dec 16, 2011
My wife and I are in our early 60s, with a son in college. We have Roths and 401(k)s. I will get a pension from the state of North Carolina when I retire in a few years -- not so for my wife. What I need to know is: Is there a reason not to put so much of our savings in munis? (I would take the money out of some of our mutual funds.) I would not get munis from states with problematic economies; I would most likely get them from N.C. Also, what is the best way to purchase tax-free munis? Thanks! Stephen, Durham, NC