September 29, 2014
Chances are that Bill Gross’ exit from PIMCO, the mutual fund company he founded 43 years ago, may have barely raised an eyebrow in your household. But this is one fund industry story you’d be wise to pay attention to. The idiosyncratic Gross ran the planet’s largest bond mutual fund with $222 billion in assets. His PIMCO Total Return Bond fund has been the plain vanilla of the ice cream mutual fund parlor. It is everywhere. More than half of nation’s 401(K)s offer the fund. In short, PIMCO Total Return is nearly as likely to appear in your 401(K) as an S&P 500 index fund.
September 18, 2014
All things being equal, we’d all pay cash for our second homes. No muss, no fuss. But in reality, many of us will finance at least a portion of the costs of a second home.
September 17, 2014
Owning a home on the water is a dream for many of us. Whether your vision is to buy a family destination or an oasis that you occasionally rent out, the good news is that prices in many coastal markets have never recovered from the 2007-2008 crash. When you add into the mix that interest rates are still cheap on a relative basis, well, it’s clear the stars may have aligned to help you accomplish your goal.