There are better options than zero
LOOKING to gauge the panic level of American investors? Search no further than Tuesday’s sale of $32 billion worth of four-week U.S. Treasury bills. Investors gobbled up these ultra-safe assets. The...
View ArticleHeeding the experts won’t ensure financial success
NOT LONG after reading Fortune magazine’s recently published year-end investor’s guide, these Indigo Girls lyrics popped into my head: "I stopped by the bar at 3 a.m. to seek solace in a bottle or...
View ArticleFor most, stocks still smart
THE STOCK market’s performance has been nothing short of horrifying of late, cutting many retirement accounts nearly in half. It’s tough to keep the faith in this kind of environment, when bad news...
View ArticleMonday motivational speech
The Dow Jones Industrial Average closed below 7,000 points today for the first time since May 1997. It’s now at 6,763 points, or about 7,500 points down from the peaks of October 2007. That’s the bad...
View ArticlePutting laziness to work
My Business Browser column in Sunday’s FLS will be about an interesting strategy that the Obama administration is trying to improve personal financial decisions. It would essentially take advantage of...
View ArticleBear market good for young investors
My Business Browser column in Sunday’s FLS will be about how bear markets create opportunities for young investors. It will be based partly on a recent report put out by T. Rowe Price. Click here to...
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Anderson Strudwick to open Monday as Sterne Agee
The Anderson Strudwick brokerage office on Lafayette Boulevard in Fredericksburg will open Monday morning with a new name. Alabama-based Sterne Agee is closing its deal to buy the Richmond-based...
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Breaking down Warren Buffett’s Media General deal
Warren Buffett. Credit: Wikipedia I was in the press box at Berkshire Hathaway’s annual meeting three years ago when CEO Warren Buffett uttered words that caused many assembled reporters concern....
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Facebook fiasco a teaching moment
It seems like somewhat of a cheap shot to jump on the crowded bandwagon of pundits ripping Facebook for the way it handled its initial public stock offering May 18, but I couldn’t resist the...
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Rising prices + flawed human reasoning = good news for housing market
Though it makes no sense, the human brain prefers to buy investments after they have gone up in price. The same investor who wouldn’t touch a beaten-down stock at $20 a share jumps onboard when...
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