PODCAST: How safe are bonds?
Traders work on the floor of the New York Stock Exchange on September 18, 2013 in New York City.
The Dow is up 28 points, two tenths percent to 16-thouand 532. That's up 29 percent from the close of business last New Year's Eve. The S&P 500 is up a tenth percent, 39 percent for the year with a few hours to go.
2014 is upon us. Auld Lang Syne makes us think about getting older, and for many, older means an investment portfolio that should be a little more prudent and less risky. So, the advice is often get more bonds into that portfolio and move a bit away from the volatile stock market. But is the economic climate safe enough even for bonds?
And, as we hear more about the commercial development of drones, a new state law seeks to control how law enforcement can use them. January 1, the Freedom from Drone Surveillance Act goes into effect in Illinois. This limits how police can use drone surveillance (they'll need a warrant). Also, business consulting is about selling outside expertise and can be very lucrative. But did you know companies like Disney and MTV are also in the consulting game?