Thursday's Personal Finance stories
- Investors flee stock funds
- Few options for jobless when benefits run out
- Private sector adds jobs
- Mortgage rates stay low
- Give your adviser a check up
How nervous are you right now? As MarketWatch Columnist Robert Powell writes in his Your Portfolio column, with volatility in overdrive, now is the time to take a good hard look at risk.
Just how risky are your investments? The problem with that question, of course, is that it's getting harder all the time to assess investment risk. Didn't most people think money-market funds were safe until the longest-running such fund broke the buck in 2008, prompting a veritable run on such funds? And what about bonds? A lot of investors consider those a safe, or safer, haven but experts are increasingly pointing to trouble ahead in that realm.
Since we can't beat risk, maybe we have to embrace it with open arms. Either that, or find an adviser we can really trust with our money -- read Chuck Jaffe's column today for more on finding someone like that.
-- Andrea Coombes , Personal Finance editor
No place to run, no place to hide -- that's what it feels like at the moment. Everything appears risky and the burden to investigate all that could be wrong with any investment makes the mattress seem like the best place for your portfolio.
See Robert Powell's Your Portfolio.
Popular heartburn medications carry a risk of bone fractures if taken for too long or in too high a dose. In this week's Health Minute, MarketWatch's Kristen Gerencher discusses what to do if you take proton pump inhibitors.
Watch Health Minute.
About 1.2 million people will lose access to their unemployment benefits by the end of June unless Congress acts soon. MarketWatch's Andrea Coombes goes over the options that exist for folks after their benefits run out.
Watch Personal Finance Minute.
U.S. companies hired 55,000 additional workers in May, the fourth straight monthly increase in private-sector jobs, payroll giant ADP said Thursday.
See Economic Report.
The number of people applying for state unemployment benefits fell by 10,000 to 453,000 in the latest week, the U.S. government reported, but claims are still well above levels that usually reflect strong hiring trends.
See Economic Report.
Why on Earth would you buy down here when you can rent?" asked a friend of mine in Miami Beach not long ago. "Buying is so over." He promptly moved to Manhattan for work reasons-and bought a $1 million loft on the Upper West Side.
See Brett Arends.
Mortgage rates were little changed last week, holding steady for the most part at or near recent lows, Freddie Mac said Thursday.
Individual investors' comfort with stock investing seems to have been short-lived. After registering steady inflows in March and April for the first time in nearly a year, market turbulence in May led to large outflows for stock mutual funds.
See story on anxious investors flee stock funds.
There are some types of selling that are better than others. The stock market's volatility during the first half of May was the result of investors scrambling for cover on the back of the European debt crisis, China overheating fears and regulatory and legislative uncertainties. Since then, there seems to be a method developing out of all the selling madness.
See Tomi Kilgore.
People often invest "with stars in their eyes," taken in by big names, fancy offices and splashy portfolio returns.
See Chuck Jaffe.
If you'd suggested to traders two years ago that news flow from Spain had the power to make or break a day on Wall Street, you would have been met with stares of disbelief and even perhaps a few smirks.
See Global Investor.
With banks paying next to nothing on money market accounts, this a good time for income-oriented investors to consider preferred stocks.
See Outside the Box.
The drumbeat from some Federal Reserve officials for the central bank to hike interest rates grew louder on Thursday.
See story on drumbeat for Fed rate hike grows louder.