May 5, 2015 |
How can you invest like multimillionaire Mitt Romney? Through something called a self-directed IRA. The former presidential candidate held from $20 million to $100 million in one. Self-directed individual retirement accounts let you invest in real estate, precious metals, even Eagles tickets. What is a self-directed IRA? Simply, you decide what, beyond Wall Street's offerings, to invest in your retirement account. It's a niche vehicle, with complex rules (see IRS Publication 590)
December 20, 2014 |
Dozens of jewelers, pawnshops, and other cash-for-gold locations in New Jersey municipalities violated state laws, potentially cheating customers, the state Attorney General's Office said. The most common violations included using unregulated scales, not posting precious-metal prices in prominent places, and not keeping proper receipts, according to a news release from the Attorney General's Office. An October crackdown in the state's urban areas led the office's Division of Consumer Affairs to file municipal court summonses accusing 71 stores of 9,967 civil violations.
July 8, 2014 |
Inflation is making a comeback - although the Federal Reserve doesn't think so - prompting us to determine how we might hedge against it, or benefit from rising prices. Witness higher prices everywhere: at the grocery for meat and coffee, at the gasoline pump, rents, even health care. Invest in companies that benefit from rising prices, such as exchange-traded funds Market Vectors Agribusiness ETF (MOO) that correspond to the price and yield of the Market Vectors Global Agribusiness Index.
May 8, 2013 |
The killer drop in the price of gold last month prompted plenty of readers to ask about buying and selling the yellow metal - not only their investments, but also the actual gold bullion. Over the last 12 years, the prices of gold, silver, and platinum have soared and then corrected, and, as a result, fraudulent buyers and sellers have popped up as well - urging us to clean out drawers of old or unused gold and silver for sale at top-dollar prices. But precious-metal prices are also extremely volatile.
March 2, 2013
Burlington Township police continued Friday to investigate a home invasion in which an 81-year-old man was bound to a chair and robbed. The victim told police the robber rang the doorbell of his Faulkner Court condo about 7:30 p.m. Thursday. When the resident opened the door, the gun-toting robber tied him up, police said. The victim, who was not injured, managed to free himself and call police about 8. Authorities say they believe the man was targeted because he deals in precious metals.
February 6, 2013 |
The Dow Jones index rose above 14,000 Friday, for the first time since October 2007. By itself, the number might not mean much. But portfolio managers and investment strategists believe it does signal one thing: The financial crisis is officially over. The Dow Jones Industrial Average gained 149.21 points to end last week at 14,009.79 - the highest since that rosy period just before the markets slumped and the Great Recession began. The Standard & Poor's 500 Index last Friday also jumped 1 percent to return near to a five-year high.
February 7, 2012 |
With the government pumping money into the economy and the Federal Reserve pledging to keep short-term interest rates low until late 2014, inflation could soar. What's an investor to do? Pure savers will lose. Low interest rates mean that your deposits aren't going to earn much of anything for the next three years. You're going to lose money on holding cash - after inflation. JPMorgan's Chris Millard explains that with a 2.0-2.5 percent inflation rate, "that means if you leave your money in cash for the next three years, you lose 2.5 percent of that every year.
November 22, 2011 |
It can be mildly entertaining or even enlightening to see how our elected officials invest, so we took a look at the excellent Center for Responsive Politics database and researched the portfolios of three Pennsylvanians: Sens. Pat Toomey, a Republican who resides in Lehigh County, and Bob Casey, a Democrat from Scranton, and Rep. Joseph "Mike" Kelly, who represents the Third District, which includes Erie and Sharon in the northwest corner of the state. The three offer both political and geographic diversity, but other than that, this is simply an arbitrary grouping.
November 8, 2011 |
I frequently receive questions from investors who buy precious metals in their portfolios, as well as in physical form, and two things happened last week that give insight into investor sentiment toward gold. Professional Wall Street investors are buying. If you are a consumer and interested in buying precious metals, you are in good company. But have an absolute sense of market prices and just what form of gold you are purchasing. First, a very successful hedge-fund manager, David Einhorn, who founded Greenlight Capital , said he was shifting money out of gold bullion (the physical metal)
August 30, 2011 |
Before officially becoming their patron, comedian Patton Oswalt helped Kaitlin Kerr, Emi Savacool, Maricha Genovese, and Mallory Weston graduate from the University of the Arts. Oswalt's CDs, particularly Werewolves & Lollipops , kept the four students from New Jersey at least relatively sane during senior all-nighters in the studio at Broad and Pine in Philadelphia. "We were obsessed with his stand-up routines," Kerr, 23, recalls, sitting in her South Philly living room with Savacool and Genovese.