Tuesday's Personal Finance stories
- Don't bet on Dow 15,000
- Investing advice for families
- Cash in old savings bonds
- Starwood hotels are hiring
Of course, it's hard to save when there isn't much left over after rent and food and other necessities. That's especially true for younger families with children who face a competing array of saving and spending needs and often have limited knowledge about just how to make those saving and spending plans work in the first place.
The trouble is that when it comes to saving, especially saving for retirement, the earlier you get started the better off you are due to the impact of compounding. The key for any savers, but especially younger ones, is to just get in the habit of putting something aside, even if it's only $20 a week, and build up as you can.
Yes, at 25 that may seem hard or even pointless. But at 65 you'll be reaping the rewards instead of weeping at your meager nest egg.
-- Steve Kerch, assistant managing editor/personal finance
Going to a movie and buying popcorn is a luxury for many mom and dads after their new baby arrives. No worries. Pop your own popcorn and cozy up with a Netflix pick, recommended investing expert Burton Malkiel, author of the classic "A Random Walk Down Wall Street ."
See Diary of a Recession Baby.
Given that we're living through one of the worst financial downturns in generations, you'd think people would make the most of any extra cash they've got stashed. Not so. About $16.7 billion in matured, unredeemed savings bonds is sitting in savers' shoeboxes, desk drawers and safe-deposit boxes.
See Andrea Coombes' Ways & Means.
Carmakers seem to think the road to recovery will be filled with small, fuel-efficient cars. They abound at the Detroit Auto Show, says MarketWatch auto columnist Ron Amadon.
Listen to Radio Report.
Dave Pericak, engineer for Ford Motor Co., previews the five-liter Ford Mustang GT 2011 at the North American International Auto Show in Detroit. Lee Hawkins reports.
Watch Video Report.
Before you start gambling in the Wall Street casino again, please listen to Gary Shilling. For more than three decades he's been rated one of America's top economic forecasters by Institutional Investor, Futures, The Wall Street Journal and others. Shilling's been a regular Forbes columnist since 1983, respected for his contrarian views, usually on target. So let's cut-to-the-chase: Here are his latest: 17 Picks = 6 Buys + 11 Sells.
See Paul B. Farrell.
Paul Larson, editor of the Morningstar Stock Investor newsletter, says that high-quality investments will never go out of style if they can be purchased at reasonable prices.
See Chuck Jaffe.
Like swallows returning every year at the same time, stock market legend has it that small cap stocks at the beginning of January regularly outperform the rest of the stock market. Unlike most investing legends, however, this one is actually based on solid historical data.
See Mark Hulbert.
Tempted to buy into stocks being touted as the "next big thing?" Save your money. It's probably a scam, according to a recent alert by the Financial Industry Regulatory Authority.
See Consumer Watch.
In a decade, BRIC has been transformed from a marketing term to an investment craze to a political bloc.
THE JOB MARKET
The company behind the W, Sheraton and Westin hotel chains is planning to add more than 12,000 new jobs to its global workforce this year. Starwood Hotels says about half of the jobs will be located in the United States, from New York to California. John Wordock and Ann Cates have the details.
Listen to Radio Report.
U.S. small businesses are still shedding jobs and cutting inventories amid weak sales and low expectations, the National Federation of Independent Businesses reported Tuesday.
See Economic Report.
Notwithstanding all the money Washington has poured into the United States economy over the past year, few, if any, new jobs have been created.
See Irwin Kellner.
If you aren't among the unhappy 10%, as measured by Friday's unemployment report, you are probably mighty grateful -- though somewhat less certain about your job security. Those two emotions could have big investment implications.
See Jonathan Clements.
A Maryland nurse accomplished two rare feats in her battle with the Internal Revenue Service: She defended herself against the agency's lawyers and won, and she got a ruling that could help tens of thousands of students deduct the cost of an M.B.A. degree on their taxes.
See Tax Watch.
House and Senate negotiators are considering applying for the first time the Medicare payroll tax to investment income as part of a compromise to pay for a health overhaul.
See Tax Watch.