Three ways to play a U.S. stock rally: Wasik

February 28, 2012

CHICAGO (Reuters) – Every time I hear the rumblings of a broad-based stock rally, a song from The Who echoes in my head: “Won’t Get Fooled Again.”

Savings made simple with seven easy tips

February 21, 2012

NEW YORK (Reuters) – My grandmother had a coffee can for spare silver coins. My Dad saved at his local post office in a savings account. Those were a sign of the times — the U.S. postal savings system was the first government-guaranteed savings vehicle, but it disappeared in 1967.

Four ways to prepare for mega financial woes

February 17, 2012

NEW YORK (Reuters) – Peter Orszag, former budget director for the Obama Administration and now vice chairman of global banking for Citigroup, sees a “trifecta” of mega financial woes coming toward the end of the year that are unlikely to be tackled by Congress before election day.

COLUMN: Four ways to prepare for mega financial woes

February 17, 2012

NEW YORK, Feb 17 (Reuters) – Peter Orszag, former
budget director for the Obama Administration and now vice
chairman of global banking for Citigroup, sees a “trifecta” of
mega financial woes coming toward the end of the year that are
unlikely to be tackled by Congress before election day.

Prepaid cards gouge you to access your own money

February 13, 2012

By John Wasik

(Reuters) – Why should you pay to spend your own money? The newest generation of prepaid debit cards, which banks keep offering despite the growing chorus of advice to the unbanked against buying into them, often levy more fees than conventional credit cards. The latest indignities even include charges for adding money to your account.

Despite mortgage deal, housing still dicey

February 10, 2012

NEW YORK (Reuters) – In the wake of the just-announced landmark $25 billion settlement over dodgy mortgage practices, is it time to buy a home?

Why hedge funds don’t live up to their name

February 6, 2012

By John Wasik

(Reuters) – In theory, last year should have been a great time to be invested in a hedge fund. With markets gobsmacked by U.S. and euro zone crises, what better way to protect your money than to hedge against the market — the nominal premise behind a hedge fund? Managers can be defensive and pick the sectors or countries that will do well when most of the market is sour. There’s a big catch here: Success depends upon whether managers guess which sector won’t decline or manage to retreat to bonds at the right time.

Do big dividends signal big troubles?

February 3, 2012

NEW YORK (Reuters) – Last year, the dividend-growth strategy was a speedboat navigating the doldrums of the stock market.