In 2008, Warren Buffett bet that an index fund would beat a fund of hedge funds over a ten-year period. Right now, he’s winning.
This week, a new website launched to help manage your investments: SigFig.com. The site comes from the makers of the portfolio tracker, Wikinvest.
With Wednesday’s launch of the newest iteration of their groundbreaking tablet, the iPad, Apple is once again the toast of the town. The new iPad will be in stores March 16, and forecasts for the stock are stretching into the stratosphere. For now, it’s tough to scratch up arguments against investing in Apple.
Most mutual fund investors probably already own the iconic technology company in large-cap mutual funds.
A story published in the Wall Street Journal on March 5, “Apple is hard to resist” tells us that nearly 86 percent of the large-growth funds tracked by Morningstar own Apple. Many own quite a bit.
Earlier this month, the Financial Industry Regulatory Authority, or FINRA, awarded a 79-year-old client of one of the nation’s largest mutual funds $110,000 to make her account whole again, compensate her for lost interest and pay her legal fees after her $700,000 retirement account got lost in the shuffle at the fund. I’m not going