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Wealth Management

Credit Cards May Not Be So Bad, After All

Don McNay | Posted 03.19.2012 | Business
Don McNay

I went over a decade without a credit card. I've proven you can live without them. Now I am saying that some people, especially small business owners, might want to think about getting a card and using it wisely. Why the change?

5 Ways to Improve Your Budget in 2012

Richard Barrington | Posted 02.05.2012 | Business
Richard Barrington

If you've had a tough time controlling your spending in the past, there are good reasons why things could be different in 2012.

Wells Fargo Opening Bank For The Super Rich

Posted 01.06.2012 | Chicago

Wells Fargo & Co.'s new bank for the super rich is set to open in Chicago, targeting households with $50 million or more to invest. Abbot Downing ...

More Than Snakes, Blood and Other Halloween Frights, Financial Phobias Haunt Many Americans

Pamela Yellen | Posted 12.25.2011 | Business
Pamela Yellen

An exclusive nationwide online survey conducted this month by my company, Bank on Yourself, finds that by a margin of almost four-to-one, many Americans would rather die than outlive their money.

12 Free Checking Accounts for Baby Boomers

Richard Barrington | Posted 12.25.2011 | Fifty
Richard Barrington

At a time when the free checking account is practically an endangered species, having special access to free checking is a valuable benefit.

Will I Outlive My Money?$?

Holly Palance | Posted 12.22.2011 | Fifty
Holly Palance

Pals may think I'm exaggerating, but the more I bring up the subject, the more I hear evidence that we're not alone. For boomers in their sixties, the big concern is outliving our savings.

Jo Piazza

David Banner Warns Rising Stars To Spend Money Wisely | Jo Piazza | Posted 12.19.2011 | Celebrity

Rapper and entrepreneur David Banner is no stranger to the fame game, but instead of flaunting his fortune, he's trying to help other rising stars kee...

What You Can Learn From This Kodak Moment

Dan Solin | Posted 12.18.2011 | Business
Dan Solin

In my experience, the primary difference between middle class and wealthy investors is that wealthy investors lose more money in the markets, because they have more to lose.

Simple Investing for Troubled Times

Dan Solin | Posted 12.11.2011 | Business
Dan Solin

"It is very hard, if not impossible, to justify active management if your goal is to grow wealth. If, instead, you view active management as a source of entertainment, you may wish to consider less costly ways to amuse yourself."

Morningstar Should Be Ashamed of Its 401(k) Plan

Dan Solin | Posted 12.04.2011 | Business
Dan Solin

I feel sorry for Morningstar's employees. The fund selections represent everything that is wrong with 401(k) plans in this country. Here are some suggestions for Morningstar's committee.

After Rogue Trader Fallout, UBS CEO Calls For Employees To Make Bank Less Risky

Posted 11.28.2011 | Business

UBS AG interim Chief Executive Sergio Ermotti appealed to staff in an internal memo to back efforts to make the bank less complex and risky, follo...

Investors Deserve Better From Yahoo's Breakout

Dan Solin | Posted 11.27.2011 | Business
Dan Solin

The perils of market timing are not controversial for anyone who is familiar with the data. Only brokers and actively managed mutual funds tout their expertise in predicting random and unpredictable markets.

What U.S. Open Tennis Can Teach You About Investing

Dan Solin | Posted 11.20.2011 | Business
Dan Solin

Experts in many fields have no better predictive powers than you do. This is particularly true about investing.

4 Things Mike Tyson Can Teach You About Savings Accounts

Richard Barrington | Posted 11.09.2011 | Business
Richard Barrington

Mike Tyson was once heavyweight champion, and perhaps the most feared boxer in the sport's history. Within two decades of his prime, though, he was filing for bankruptcy.

UBS To Cut 3,500 Jobs

AP | Posted 10.24.2011 | Business

GENEVA -- Swiss bank UBS AG said Tuesday it is cutting 3,500 jobs worldwide as part of an effort to save 2 billion Swiss francs ($2.5 billion) annuall...

Europe: Lacking a Long-Term Solution

Gemma Godfrey | Posted 10.14.2011 | Business
Gemma Godfrey

Over the last few days we have seen a tremendous amount of volatility in the markets, epitomizing the lack of clarity with which many investors have struggled.

Money: A Tool

Theodore R. Daniels | Posted 10.02.2011 | Business
Theodore R. Daniels

In order to make money and increase your wealth you must understand what money is. Just as a carpenter looks at a saw as a tool to cut a board to build a house, you must look at money as a tool to build wealth.

Does Orrin Hatch Want to Bail Out the Hamptons?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

It's not about "belly up" as Senator Hatch suggests. It's about "pony up" and our nation's need to make tax laws more even-handed.

China's New Export: Too Big To Fail

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

A real estate bubble, fueled by bad loans and too much leverage, explains much of our stock market's turmoil. An article from The New York Times about the Chinese version, caught my attention.

Bailout Strategy -- Rip Off the Little Guy?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Who needs TARP to bail out financial institutions? Your local supermarket carries a retail version at the checkout counter. We know the program as "gift cards."

The Big Secret Wealthy Investors Don't Want You to Know

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Wealthy investors can be enticed to buy "alternative investments" like hedge funds and private equity deals. How is that working for them? Not well.