Archive for February, 2008
Yes, I Can Sue My 401(k) Administrator
According to a NY Times article (registration required) yesterday, the US Supreme Court has ruled on February 20th that workplace retirement plan participants can sue the plan administrator to recover their losses under the Employee Retirement Income Security Act of 1974.
The case, LaRue vs. DeWolff 06-856, is filed by James LaRue of Southlake, Texas, who [...]
Twist & Turn with Citi Driver’s Edge Card
Before I applied for a Citi Driver’s Edge card back in December, I thought I could take advantage of the no-fee 0% balance transfer offer for 12 months and use the money to payoff our car loan which has an interest rate of 4.90%. Since I have been a Citi customer for almost ten years [...]
Record Gold Price, Again
US stocks reversed course Wednesday, making a 240+ points swing from down 154 points to close the session up 90 points.
As stocks turned around, gold also got a boost to reach a new record of $945.80 an ounce. The precious metal rallied after a government report showed that inflation picked up stem in January with [...]
Random News: New Fund from Dodge & Cox and the End of Hi-Def DVD War
Dodge & Cox, the respected mutual fund company based in San Francisco, CA, is about to launch its fifth fund in its nearly 80 years of history. According to a story on Morningstar.com, Dodge & Cox has submitted paper to SEC for approval of a Global Stock Fund, which will be available for investors in [...]
Opportunistic Rebalancing: A Portfolio Rebalancing Strategy That Times the Market
Do you rebalance your portfolio?
If you do, how often do you rebalance? Once a year? Semi-annually? Or every quarter?
Or maybe you do it whenever you think is necessary.
Why rebalance?
The main reason for rebalancing is to maintain a portfolio’s target asset allocation. As time goes by and market moves, some asset classes may perform better [...]
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