Note: This article was originally published in July 2010. Investors are still waiting for a decision. After decades of wrangling, false starts, and back room intrigues, it looks like the SEC is finally addressing the long-over due, critical issue of mutual fund fees. Today, these fees charged to fund shareholders
Investors who are disgruntled with erratic returns from stocks and are searching for yield are increasingly moving into Master Limited Partnerships (MLPs). Once considered esoteric and limited to sophisticated investors, MLPs are publicly-traded on the NYSE and NASDAQ. They offer yields in the form of quarterly distributions, which are similar
The struggle for financial reform became more interesting this week as an association representing financial planners accused an insurance industry lobbying organization of trying to kill the adoption of a fiduciary standard for individual investors. In a petition signed by thousands of financial planners, the Financial Planning Coalition said the
A new study examining the income sources for Americans over age 65 shows more people are relying on Social Security for their retirement income, while income from jobs has remained consistent since 1962, according to a new study by the Social Security Administration. The study found that 38% of Americans
The current long recession is changing American spending behavior. Based on Bureau of Labor Statistics data from 2007 and 2010, Americans have reduced expenditures on luxury items (restaurants and clothes) and more on essentials (healthcare, fuel.) The data shows that consumer spending by family unit declined by 3% to $48,109,
The housing fraud shockwaves that broke the U.S. banking system and had a ripple effect worldwide is going unchecked because it is part of the unofficial policy of U.S. regulators. According to Professor William Black, Associate Professor of Economics and Law at the University of Missouri, in Kansas City, U.S.