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Money

How to get seven percent on your money

How to get seven percent on your money
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

What's the matter, you're not happy getting 0.65 percent on your money market fund? Or 0.75 percent on your one-year CD?

Well, I don't blame you if you're disgusted. But I am the bearer of good news. I know of a mutual fund yielding 17 percent. And of several funds yielding 6 percent, 7 percent, and 8 percent.

Just remember that the higher the yield, the greater the risk – usually. A yield is high generally because people want extra compensation to take on a risky investment. And a high yield may not offset a steep decline in an investment's value. In other words, you don't want an 8 percent yield if the value of your investment is going to shrink by 8 percent ... or more. And it happens.

Sure, you can also get a higher yield by lengthening the maturity of your investment – buying a five-year CD instead of a one year. But if interest rates bop up, you're going to be out of luck.

 

N.J. warns of banks charging for cashing checks

N.J. warns of banks charging for cashing checks

Urge consumers to beware of hidden fees

As the holiday shopping season enters into its final week and banking activities reach high levels, the state Department of Banking and Insurance Friday urged co...

Gov. Christie says New Jersey economy is improving

Gov. Christie says New Jersey economy is improving

Cites increase in private sector jobs

At least 16,800 New Jerseyans found work but another 15,600 lost their jobs in November, according to figures released Wednesday by the state Department of Labor a...

Small business needs access to capital more than tax cuts

Small business needs access to capital more than tax cuts
BY ROHIT ARORA

While politicians try to position the extension of the Bush tax cuts to the expansion of small businesses, the benefits of the upper income tax reductions to entrepreneurs is exaggerated...

New Jersey unemployment unchanged

New Jersey unemployment unchanged

State's jobless remains stuck at 9.2 percent

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

New Jersey's struggling economy is showing little recovery.

In November, 16,800 New Jerseyans found work — much of it t...

Mega Millions winning number could get $123M for holidays

Mega Millions winning number could get $123M for holidays
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

People who could use some extra Christmas spirit and funds right about now might want to look toward the Mega Millions lottery.

According to NJ.com, the jackpot for Frida...

Worries that keep Vanguard Group’s chairman up at night

Worries that keep Vanguard Group’s chairman up at night
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

How does Vanguard justify all its index funds — when most of its actively managed funds have done even better?

Will the Vanguard Group open a physi...

Year End Tax Tip: Charitable giving

Year End Tax Tip: Charitable giving

The spirit of giving seems to grow during the holiday season, and many donations are made to charitable causes at this special time of year. The IRS reminds taxpayers to keep some important points in...

Senate set to bestow controversial gift on wealthy

Senate set to bestow controversial gift on wealthy
GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

As Christmas approaches the Senate is set to bestow a rich gift on the wealthy. When passing their version of the compromise tax bill scheduled for Monday, they'...

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