Dear Carrie: I’ve just had a baby! Things are pretty crazy in my house right now, but I want to be sure I give my daughter every opportunity I can. I have a little bit of money saved up, but I’m uncertain what the best use is for it. Should I buy a savings bond, a CD, open an investment account or put it all in a college fund?
The No. 1 red flag that an investor may be dealing with a bogus financial adviser, according to money coach Liz Davidson, is if he or she guarantees a high percentage return with no risk.
People with mutual funds often don’t realize that when they get cold feet about 401(k)s, they can’t just get out of their funds on a moment’s notice.
New data on service sector gains gave way to concerns from investors who fear it will provide a green light for the Federal Reserve to start raising interest rates.