5 Best Apps to Help You Invest Smarter
Money magazine has picked its favorite apps for helping people invest their money and manage their portfolios.
Money magazine has picked its favorite apps for helping people invest their money and manage their portfolios.
Wall Street's big banks paid out $156 billion last year in salaries, bonuses, and benefits. Yet while investment bankers' checking accounts were growing, their retirement savings took a massive hit -- and much of the reason can be traced to one common investing mistake.
Financial adviser Nicole Seghetti has seen the same money-management mistakes time and time again, and one of the most common is among the most basic: having too much money in a single investment. But there's far more than one way to end up in that position.
When it comes to investing, no question is stupid, and no question is simple. Indeed, it's the ones that may appear to be the most obvious that can be the most important -- and the ones that people are often too embarrassed to ask.
On New Year's Day, you had plans -- promises to get your finances in order in 2011. Today, check your financial pulse: Where do all those good intentions stand? Ask yourself tough questions then take action. The experts tell you where to begin.
A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.
Now that the global economy appears to be stabilizing, investors should consider what a potential recovery means for their portfolio. One thing is for sure, investing pros say: Strategic discipline and stock picking will be needed to ensure positive returns in 2010.
Portfolios made up entirely of exchange-traded funds have appeal. ETFs often have lower expenses than mutual funds, bring certain tax benefits, and trade throughout the day. But investors need to make sure they are properly diversified if they go they all-ETF route.







