What does the Dow at 20,000 mean?

Spencer Platt/Getty Images The Dow Jones industrial average hit the 20,000 milestone for the first time at Wednesday’s opening bell. But before you break out champagne, let’s explore what this really means. The thinking is: Bigger numbers, better economy, more money in your portfolio. But just how true is that? RATE SEARCH: Put your nest…

5 charts to watch as the election unfolds

Phovoir/Shutterstock.com Whether it was tanking the Mexican Peso or boosting the price of gold, the often acrimonious and sometimes downright bizarre 2016 election has already left its mark on the financial markets over the last year. Here are 5 charts to keep an eye on as the election results unfold, and global markets digest the…

What investors can learn from Cubs fans

Jamie Squire/Getty Images In case you haven’t heard (and that’s actually impressive if you haven’t), the Chicago Cubs are going to the World Series. They will aim for their first World Series title since 1908 and will face the Cleveland Indians, who last won the World Series in 1948. RATE SEARCH: Need a credit card…

Are you dancing in the market with Tina?

PeopleImages/Getty Images When weighing whether to stay in the market after the long run-up in stocks or bail for an alternative investment, people are following Tina’s lead at the dance. In investing shorthand, Tina stands for “there is no alternative.” “Tina … does not exactly engender confidence for fundamental investors, especially following the rapid rise…

Your retirement goal is a moving target

©David Carillet/Shutterstock.com How are you supposed to know what you need for retirement? In 2012, the investment company Fidelity recommended 8 times your salary. This year, they said it should be 10 times. And gigantic asset manager BlackRock just advised that whatever amount you were thinking you needed to accumulate, you’ll need an extra 10%…

We love real estate, but does it really pay?

Mike Harrington-Getty Images In recent days, Bankrate published the results of a national poll that asked Americans which of a list of popular investments would perform the best over the long term. A quarter of Americans said it would be real estate, making that the most popular answer. On the other hand, stocks and bonds…

13 Things About Spread Betting You May Not Have Known

  Spread betting is nothing but trading in commodities and currency and trying to make money out of it. It is unlike share and stocks where there are regulatory authorities and therefore one can approach an ombudsman like institutions should something go wrong. However, this is not the case with spread betting because of some…

Pippa’s engaged to a — what?

Karwai Tang/Getty Images Pippa Middleton — younger sister of Kate Middleton, aka the Duchess of Cambridge — is sporting an engagement ring with a ginormous central stone surrounded by an array of smaller diamonds. One London jeweler says the rock could be 3 carats, another says the bling could be worth as much as $263,000.…

Don’t line up for the new Air Jordans

Nike Nike is releasing a new edition of an earlier Air Jordan sneaker style, the Air Jordan 14, and in a new color: oxidized green. But unlike with past Air Jordans launches, prices are unlikely to soar, so the new shoes are not worth standing in line for in the wee hours. One young sneaker…

Trump names Pence as running mate

Aaron P. Bernstein/Getty Images After a high-stakes election version of “The Apprentice” this week, Republican presumptive presidential nominee Donald Trump announced his choice for vice-presidential running mate: Indiana Gov. Mike Pence. Trump made it official on Twitter. (Where else?) I am pleased to announce that I have chosen Governor Mike Pence as my Vice Presidential…

Markets rally behind strong jobs report

Spencer Platt/Getty Images The stock market embraced a strong jobs report on Friday to break through its Brexit funk. The Dow Jones industrial average soared 250 points, or 1.4%, to close at 18,147, its best finish since May 2015. The S&P 500 Index climbed to 2,129.90, about 1 point shy of its closing record. The…

Hiring comes roaring back

XiXinXing/Getty Images The nation’s job market got its groove back in June, with hiring making a stunning rebound as the economy added 287,000 jobs. It’s the latest big swoosh on the roller coaster ride for payrolls, which the government now says inched up by just 11,000 in May. Previously, officials had reported that 38,000 had been added during that…

The (low) yield signs for young investors

PeopleImages.com/Getty Images Bond yields have dropped like a hot coal handled by a hapless summer griller. The yield on the U.S. 10-year and 30-year Treasury notes have hit their lowest levels ever as investors have flocked to perceived “safe haven” assets. Following Britain’s vote to exit the European Union, things have gotten messy. Uncertainty over…