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Articles posted in the investments category

5 Reasons to Buy a Home Now
January 20, 2009 by Chase
There’s a brief exchange I had a few years ago with a friend’s father that I’ll never forget. We were sitting outside a Washington DC lunch spot talking about what I was going to do when I got out of college when I asked Mark, who’s been a real estate developer in Maryland for years, whether or not real estate would forever exist as a lucrative business. His answer was short, but it explained every ...
Wells-Fargo Takes Control of Wachovia
January 6, 2009 by James
Wells-Fargo & Co. completed their $12.7 billion acquisition of Wachovia Corp. this past Friday. The California-based bank now heralds itself as “one of the strongest financial companies in the nation and America’s #1 small business leader” and can now lay claim to over $14 trillion in assets. The move puts Wells-Fargo in control of Wachovia’s 11,000 stores and 12,260 ATMs operating out of 39 states and does indeed make Wells-Fargo the nationwide leader in small business lending, agriculture lending, commercial real estate lending, ...
2009 Senior Savings Get a Boost from Congress
January 5, 2009 by Alexis
Senior citizens across the country got good news in December when reports out of Washington stated that Congress suspended the law that requires those 70 ½ or older to withdraw funds from their retirement plans in 2009, even if they don’t need the money. Traditionally, senior citizens have had to withdraw what’s known as “required minimum distributions,” or RMDs, every year, with the price tag based individually on the IRA owner’s age and IRA balance on December 31 of the ...
NASDAQ’s Tech Driven Trading Model Outsmarts the Competition
December 30, 2008 by Admin
Financially, 2008 was a year defined by the plummeting stock market, but Forbes Magazine still thought that no company was more impressive over the four quarters than market mogul NASDAQ OMX. The financial magazine’s Daniel Fisher praised the New York-headquartered company for adapting to recently introduced methods of new business better than competitors. It was CEO Robert Greifeld that caught Forbes' attention with his ability to transform the company from a typical trading floor institution into a company that’...
Wall Street Investor Bernard Madoff Confesses to Running Pyramid Scheme
December 16, 2008 by Alexis
Longtime Wall Street investor Bernard Madoff confessed last week to running a years-long Ponzi scheme that’s believed to have swindled up to $50 billion in investments from more than thirty high profile individuals and organizations. The New York City based Madoff first told his children that he was deeply involved in a fraud in which he was receiving artificially high returns using money originally put up by investors. Most morally concerning is that Madoff targeted a wide variety of ...
401k Advice in a Down Economy
September 10, 2008 by Admin
A down economy is always a tough climate in which to make money -- but it doesn't have to be a tough climate for your retirement savings account. Money management should be for the long term, and a down economy is just a natural part of the business cycle. What's important to remember in a down economy is that your investments, while potentially losing value, are still assets. Assets fluctuate, but they never disappear entirely. What Effect Does a ...