Reuters Money

Is the U.S. economy heading for a double-dip recession?

October 5, 2011

An ethnic Albanian child holds an ice cream cone during some traditional games in the village of Belobrad, June 15, 2007. REUTERS/Hazir Reka Is the U.S. economy heading for another recession?

Two investment strategists who spoke to a group of Thomson Reuters brokerage clients at a conference in Phoenix on Tuesday say the chances are slim. Despite the bear market blues, David Joy, chief market strategist at Ameriprise, says a double dip recession is unlikely. The U.S. is destined to be in two percent growth environment for the foreseeable future — “or 2.5 percent, if we are lucky,” Joy says.

Financial advisers consistently ask the wrong questions

September 6, 2011

Traders work on the floor of the New York Stock Exchange in New York July 25, 2011. REUTERS/Lucas Jackson If you go to see a financial adviser and you are only asked two main questions — how much money will you need in retirement and what’s your risk tolerance? – you should run for the hills.

Fund managers see tough times for Treasuries

By Marla Brill
August 5, 2011

A man walks in a building in Tokyo January 28, 2010. REUTERS/Toru Hanai The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.

Debt ceiling: 10 reasons not to move your money now

July 28, 2011
With the markets getting more and more nervous as the days tick by to August 2 without a debt deal, one thing that might be keeping the bottom from falling out is the calm of financial advisers. To borrow from former President George W. Bush, they are urging clients to “stay the course.” And behold, they cite many sensible reasons for doing so.

Reuters Money reached out to members of the financial community to see how they’re calming the folks they advise. An overwhelming majority expressed faith that lawmakers would broker a deal by the deadline, and markets would adjust regardless.

Why couples have trouble saying “I do” to financial planning

July 26, 2011
Brennan and Christine Sweet of Montclair, New Jersey, make beautiful music together, literally. He’s a violinist and associate concertmaster with the N.J. Symphony Orchestra, while she plays cello and teaches high school orchestra; next month, they celebrate their 20th wedding anniversary. But mention financial planning, and the Sweets admit they need some tuning up.

The Sweets showed moxie compared to the majority of couples, however, and sat down together earlier this month with a financial planner. The picture is less harmonious for other couples, according to a new study released by the Principal Financial Group and conducted by Harris Interactive. Surveying more than 600 financial advisers, they found 82 percent of couples in financial planning have one spouse that doesn’t want to be involved.

Does growing up mean outgrowing the family financial adviser?

July 25, 2011

As a boy, Bernie Reed watched his father ride into the hills of their Nebraska farm on a yellow-orange Case tractor to farm corn, alfalfa and winter wheat. Bernie’s ancestors homestead has occupied that land since the 1800s, and his dad — a weathered, leathery man with a linebacker’s build — tackled it some 16 hours a day, resting only on church-going Sundays.

Financial disclosures can make advice worse: Yale study

July 14, 2011

Washington watchers are sure to see a lot of one particular word in the months to come: disclosure.

Charles Schwab to consumers: Rate our services

June 28, 2011

It’s easy to find consumer reviews for restaurants, hotels and cars on websites like Zagat, Yelp and Edmonds. But what about financial services? Slim pickings.

Why more investor protection is needed, not less

May 27, 2011

Government isn’t the enemy when it comes to investor protection. Less is not more.

Brightscope launches online marketplace for adviser shopping

April 26, 2011

Brightscope, which made a splash two years ago with its online performance measurement tools for 401(k) plans, is launching a free service on Tuesday to help people research and shop for financial advisers.