Brand New PBS Station!
Sundays at 12:30pm on WTTW-11 in Chicago
MoneyTrack picked up a brand new PBS station in Chicago, Il. WTTW, Channel 11, will air Season Three starting this Sunday, November 1st. Click to find out when we air in your area!
1 in 5 hedge fund managers misrepresent the facts
According to NYU research
One in five hedge fund managers misrepresents their fund or its performance to investors during formal due diligence investigations, research from New York University’s Stern School of Business suggests. Click here for full story
Lessons Learned
Here are a few tips to take away from the financial crisis…
In response to economic uncertainty, our national savings rate has increased drastically. While that’s good news, this increase in savings shouldn’t come from decreasing your investment in the stock market. Inflation will eat away at your savings, so make sure you’re still participating in the stock market for long-term growth.
As many are learning, credit is a lot harder to come by nowadays. It may not be as easy anymore, but we should all make sure we’ve got access to a line of credit in case we need it. Put some effort into cleaning up your credit record now and securing that credit line.
Stock market investing has also changed, going from a high-risk, easy money mindset to one of fear and inaction. But don’t sit on the sidelines! Keep investing like you normally would, using this opportunity to buy stocks at reduced prices. Buy low, sell high!
The real estate market has also gone through a tremendous shake-up, and the days of flipping houses for quick profit are over. Homeowners should keep their expectations for future price appreciation in check and stick to affordable housing.
Remember, moderation is key! Be realistic with your expectations, and you’ll come out ahead. FULL ARTICLE
When good hedge fund…
managers go BAD! Charges of insider trading…
NEW YORK — Galleon Group founder Raj Rajaratnam and five others have been charged in a $20 million insider-trading case, prosecutors said.
According to court documents, Mr. Rajaratnam, the founder of the $7 billion Galleon Group and portfolio manager for the Galleon Technology Funds, has been charged with four counts of conspiracy and eight counts of securities fraud. FULL ARTICLE
Bernanke says: “Many Don’t Understand Basics”
Watch the video
U.S. Federal Reserve Chairman Ben Bernanke comments that “many Americans don’t understand basics of personal finance.” Full story
