I love Michael Lewis’ writing, but I have some surprisingly good news to share about the high-frequency trading scandal revealed in his new book: High-frequency trading is not likely to hurt disciplined, long-term, low-frequency-trading investors. In fact, it might even help. Yes, it is almost impressive that Wall Street has managed to produce yet another scandal, even…
“Trouble. Trouble, trouble, trouble, trouble.” Reading all the news about Bill Gross and PIMCO, I keep hearing that Ray LaMontagne song in my head. (Go ahead—give it a listen while you read this, just for fun.) The king of bonds isn’t yet abdicating the throne, but it’s been a rough stretch since PIMCO came down from the mountain…
What is your most valuable asset? Your home? Not likely, even back in 2006. Your 401(k)? Doubtful, even when it was 2007. No, if you’re not yet glimpsing your retirement years, it’s likely that your biggest asset is you—and not just metaphorically. Let’s say you’re only 30, with a degree or two and some experience…
We need not look far to learn that 401(k) plans are imperfect or worse, so instead of lumping on more criticism about how you and your employer have botched your 401(k), let’s discuss how to make the most of a not-so-great situation. Read the rest of the article on Forbes.