Archive for July, 2007
Investing’s 6th sense: The B.S. detector
Thursday, July 12th, 2007Question: A talk radio station I listen to runs an ad for an advisory firm that claims to be “safe money advisers, not Wall Street brokers.” The ad promises that if you roll over money into an account at their firm, they will immediately match 10 percent, so that if you invest $100,000, you’ll actually have $110,000 working for you. There are other ads on the program that say you can earn high returns but your account value won’t go down if stocks do. Have you heard about these types of investments? What are they and how do they work?- Alex Klebern, Northfield, Illinois
Money for life without a 401(k)
Tuesday, July 10th, 2007Question: I’m in my early 30s and have yet to save for retirement. Unfortunately, my job doesn’t provide a pension or a 401(k), so I need to rely on myself to save money. Can you give me some advice on how I can get started? - Annette, Ewing, New Jersey