Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
The Search for Yield
The stock market cheered signals that the Federal Reserve will cut interest rates this month. There was no complaint from politicians, who see low interest rates as encouraging economic growth. But what about savers? A decision to cut interest rates will send them on a search for higher yields, and encourage some to take risks..
Time for Risk Management
Whether you’re trying to decide how to invest or considering the prospects for a better job, the economic outlook has never been more confusing. Yes, the economy is doing well right now, despite the disruptions of tariffs and uncertainty over global growth. And certainly the stock market, hovering at record highs, encourages optimism. But both..
Cut Student Loan Rates!
Student loans are about to become a big political issue in the 2020 election. That’s a shame because it guarantees that nothing will get done to solve this huge $1.6 trillion problem that not only affects 40 million debtors but also the entire American economy. So, from both a moral and a practical viewpoint, a..
Keeping Score of Your Credit
Your credit score affects almost every aspect of your financial life — not only the rate you will pay on a mortgage or car loan but also the cost of your auto insurance and even your prospects for getting a job. Your credit status reveals quite a bit about your sense of personal responsibility. So..
Beware New “Best Interests” Standard
The SEC has just passed a new regulation called the “best interest standard.” The title of the rule — and the public self-congratulations — are designed to reassure investors that all brokers are suddenly required to put their clients’ interests ahead of their own. In reality, nothing could be farther from the truth! The new..
The Long Run?
People buy lottery tickets with astronomical odds against winning. (I must confess, I do that myself when the jackpot is huge.) After all, it’s a cheap price for a few hours of fantasy. But that’s not how you should approach your retirement investments. Investing requires a long-run perspective. Overall, the stock market has always, in..
