(Chicago Tribune) — Chicago’s public pension funds are teetering on the brink of insolvency in large part because city officials and union leaders repeatedly exploited the system, draining away billions of dollars in the last decade to serve short-term political needs, a Tribune investigation has found. Time and again, the funds have been used as […]
(New York Times) — THE stock market rallied for a year, but mutual fund flows and other sentiment indicators suggested that many investors didn’t believe what they were seeing. In the second quarter, they showed more conviction — and became convinced that stocks should be avoided. An attitude adjustment appeared to have arrived on May 6, […]
(USA Today) — Earning their money by managing yours? If you suspect that your mutual fund manager might just be tracking an index instead of, you know, actively managing, a new site, http://www.fundanalyze.com, will help confirm your suspicions. Created by fund expert Max Rottersman, the site takes advantage of a statistical measure calledr-squared, which shows […]
(Market Watch) — Say you’re nearing retirement age, and you want to improve your portfolio to make sure it lasts a lifetime and helps meet your personal goal of putting the grandkids through college someday. You also need to help your grown daughter as she goes through a divorce, and you have a desperate need […]
(CNBC.com) — Mutual funds are a cornerstone of retirement planning. Yet they’re widely misunderstood and investing ignorance can really cost you. Do you know the difference between an expense ratio and a turnover ratio? What about an open-end fund versus a closed-end? Try this quiz, and check out the answers at bottom: Read More…