As anyone devoted to the rituals of swirl, sniff and sip can attest, 2009 was a very good year for bargain hunters – whether they’re newbie collectors who rarely pay more than $50 for a bottle, or seasoned wine geeks who write six-figure checks for pristine cases of the rarest old first-growth Bordeaux and Burgundy.
A year ago, with the markets and the economy in meltdown, the SmartMoney Power 30 was full of the usual cast of government giants and Wall Street heavyweights: Ben Bernanke, Timothy Geithner, Warren Buffett. But as the U.S. moves into a new phase, a time of slow but seemingly steady recovery, some of the biggest players might seem more on the fringe – academics, advisers, even a lobbyist.
For decades, Dole Food has stuck mostly to its chief business – picking and selling fruit. But recently, the California-based food company branched into a new line of work: offering mutual funds designed specifically for its employees.
If there’s one belief that took hold during the financial mess, it’s "All debt is bad." After all, too many companies borrowed too much money, and when the recession hit, they couldn’t pay back all that cash. Hundreds of firms saw their stock value plummet and filed for bankruptcy protection, and embittered investors lost billions.
It’s the ultimate sugar rush – a stock you own surging 20 percent or more in a day because it’s become a takeover target. But if you’ve been in withdrawal for a while, a new wave of merger mania might bring some of those sugar highs back.
Best-selling books, top colleges in the U.S., the safest cars. There’s no shortage of reviews and rankings to help with all manner of decisions. But when it comes to one of the biggest – how to choose among retirement investments – the most prominent raters and judges have been uncharacteristically silent.
Want to invent the next iPod? Then don’t try too hard. We may be able to train our minds to be better at generating ideas, according to recent thinking on how we think, and often the best way to foster a brilliant idea is not to push it.
It was only a matter of time. Before the crash, investors who wanted to buy more stocks jumped into exchange-traded funds at a record clip. Then bonds became the safe play, and ETFs with bond holdings jumped 61 percent this year, to $91 billion.
Unless you’ve been living in a mine, it would have been hard to miss gold’s most recent glittering run. Increasingly, people who would have never considered gold as an investment are pondering whether to buy it.
Every career has its share of days you never forget. There are the early memories, such as getting that first paycheck, and milestones like scoring the big promotion or the morning you finally moved into the corner office. But for many people, there’s one special day that stands head and shoulders above the rest: the last.