The Parental Responsibility: How are we doing? In school our kids are taught a lot of subjects, but financial literacy is not one of them. What is the value of money? What is the time value of money? What is the difference between simple and compound interest? The teaching of financial literacy, like morality or…
Yada, yada, yada. The retail investment industry has spent decades reeducating and redirecting the masses – away from stock and bond trading to asset allocation-based asset management. One reason is self-preservation. Trading is transactional and commoditized. The emergence of discount brokerages initiated a race to the bottom for trading commissions. The other reason, the one…
What a Deal!As of May 25th, Money Market Funds can be purchased with yields of 5%; 3-month CDs and T-Bills can be purchased to yield 5.3%. What a deal! This is great news for savers and risk-averse investors. (It’s bad news for banks losing demand deposits to these higher-yielding cash equivalents, but’s that another story…