Rotate Your Portfolio In May For Optimal Returns
Sam Stovall, Chief Investment Strategist for Standard & Poor's Equity Research Services, says the market is still trending up.
Chris Barth, Forbes StaffSam Stovall, Chief Investment Strategist for Standard & Poor's Equity Research Services, says the market is still trending up.
Chris Barth, Forbes StaffThis post provided by GetRichSlowly.org. read »
Shares in Sallie Mae headed up a surprising 12% today, hitting a high point after its $3 per share bottom in early 2009. The stock moved up to $16.31 Thursday. This was after an upbeat mix of improved earnings for its first quarter and the first dividend the company has announced since 2007 were reported. read »
Wealthy boomers say their success came at the expense of their personal lives, relationships and even their own health to ensure financial security for their family. So why are they keeping important details about their finances from their kids? read »
Sun Belt towns, led by Phoenix, are struggling the most.
Phoenix is one of the many Sun Belt cities where housing markets have taken a big hit during the recent real estate bust, with residential prices down nearly 45% since 2006. That, plus high foreclosure and vacancy rates, make for a dismal market for sellers. For homebuyers, of course, it's a very different story, both in Phoenix and in the many other cities that have followed similar patterns. read »
Student loans exceeded credit card debt last year as the largest source of debt for Americans. In fact this year, student loan debt alone is projected to top $1 trillion. Some call it the next bubble that’s going to burst. I tend to agree. read »
On Monday, S&P issued a AAA rating on US debt while sending a warning shot across the bow by downgrading the outlook to "negative." This maneuver made immediate media headlines and solicited a quick response from Treasury that "all is well". Stock prices plunged on the news, but soon recovered. Bonds prices, on the other hand, barely budged. read »
The IRS gave taxpayers an extra day, which thoughtfully included a weekend (until April 18th), to finish tax returns and send them in this year. Those that are expecting refunds have probably already signed them, mailed them and received their refunds via direct deposit—and for many the money is already long gone. It might have been spent on a new super thin iPad, an HDTV or a trip to Disneyland with the family. Some might have used it to pay off credit card debt from last year’s vacation. Spending[...] read »
You may want to keep a foreign bank account secret from your spouse, employer or business partner. But if you are trying to keep it secret from the IRS, think again. U.S. citizens and permanent residents must report their worldwide income to the IRS. That includes interest on foreign accounts even if taxed in another country. read »