Wednesday March 19, 2008
Red Alert
Okay. So where did all the sub-prime mortgages go? What value, if any, do those kinds of mortgages have today? And which specific banks, funds and portfolios are contaminated with bad paper?
Strap yourself in, folks. Because a lot of worthless mortgage-backed paper may be in your portfolio right now.
Monday December 10, 2007
More Trouble Ahead
In my book Cash Rich Retirement, I highlight the dangers of changing demographics. I survey the views of a number of respected economists and finance gurus on the topic. The aging of America, I conclude, will probably not play out calmly.
Monday November 19, 2007
Check Your Mortgage Exposure
I recently met an investor who expressed perplexity about the country’s mortgage crisis. “How on earth,” the lady asked, “could leaders of the country’s biggest financial institutions have been so asleep at the wheel to permit their groups to take on such great mortgage risk?”
Good question.
The information and views contained in this column do not represent a recommendation or solicitation to buy or sell any particular security or fund. Past results are not a guarantee of future outcomes. Investments of any kind can result in losses. When considering any investment, you should independently judge the content, management, fees, tax implications, and risk factors of the investment and, in particular, read its prospectus and/or other offering materials.