Alternative investments: Are they worth the cost?

Stocks and bonds arent the only things you can invest in, but financial experts say theyre probably the best option for most people.

The huge declines in stock prices during the financial crisis understandably shook the confidence of many investors in traditional stock and bond portfolios. But the high-cost alternative investments that many have turned to since then have produced some disappointing results.

City council adopts formal debt management policy

During its regular session Monday night, Mexico City Council passed an ordinance adopting a comprehensive written debt management policy.

Deputy City Manager Roger Haynes said the bill does not set out new procedures, but rather, it formally adopts the citys well-established practices for managing debt into written form, making them a part of city code.

Haynes said the move was recommended by the citys credit rating agency, Standard amp; Poore, in their review of the citys financial health last year.

The Government Finance Officers Association (GFOA) also recommends a written debt...

Woman pays off debt while fighting cancer, raising two kids

(WJBK) – GreenPath is sharing the story of their client of the year, Tanya LaPrad. She is a single mother who paid off her debts while battling cancer and raising two children.

Tanya came to GreenPath, a newly divorced mother of two. She was left with a delinquent mortgage, which was upside down, credit card debt, a son in college, and a 14-year-old daughter to support. Tonyas expenses also exceeded her income by almost $400.

Early on, Tanya didnt know that she was in financial trouble. My ex-husband did the bills. Looking back now, having one person in control of our finances wasnt a good idea, she says.


Before her divorce, Tanya put $10,000...

Considering Credit Counseling? Here’s What to Expect

When you sign up for credit counseling from a nonprofit agency the money you owe to credit card companies, auto lenders and your doctor won’t magically disappear. The odds are high that you won’t even qualify for a debt management plan in which your bills are consolidated into one lower monthly payment.

The vast majority of people who sign up for credit counseling will receive advice on how to reduce their spending, pay down their debts slowly over time or change the financial habits that first got them into money trouble.

Nonprofit agencies rarely sign consumers up for more intensive debt management plans, says Kevin Weeks, president of the Washington, DC-based Financial...

Wal-Mart Stores Inc. Earnings Dented by Investments, but Positive Comps Offer Hope


Data source: Wal-Mart Stores Q3 2015 earnings press release

What happened with Wal-Mart Stores this quarter?
Total revenue fell 1.3% to $117.4 billion, as foreign exchange rate movements continue to dampen results. On a constant currency basis, total revenue rose 2.8% to $122.4 billion.

Yet US comparable-store sales grew 1.5% — Wal-Marts fifth consecutive quarter of positive comps — as traffic increased 1.7%. The performance of Wal-Marts smaller-format Neighborhood Market stores was particularly strong, with comps increasing 8%. These rising comps, combined with new store openings, helped fuel a 3.8% year-over-year increase in Wal-Marts...

3 Top-Rated Prudential Investments Mutual Funds To Buy

With around $74 billion of assets under management (as of Dec 2014), Prudential Investments – a segment of Prudential Financial, Inc. (NYSE:PRU) – offers a wide range of funds including both equity and fixed-income, and open- and closed-end funds. The company currently offers services across 41 countries and territories including the US, Asia and Europe. Investment professionals of the company are also involved in managing assets of major corporations and pension funds throughout the globe. Founded in 1875, Prudential Financial has $1.1 trillion in assets under management (as of Sep 2015).

Below we share with you 3 top-rated Prudential Investments mutual funds. Each has earned...

‘I didn’t die:’ Cancer free, with no retirement savings

Lynne FitzGerald is moving. She doesn’t want to sell the quaint Halifax home in which she raised her daughter, but her retirement savings are gone.

Her story illustrates what can happen when a catastrophic illness upends the best-laid retirement plans.

Ms. FitzGerald, 68, isn’t supposed to be alive. Diagnosed in 2005 with stage-four colon cancer, her liver riddled with tumours, she was told she had a year to live. “It was a nightmare,” recalls Ms. FitzGerald, a single mom. “I had a car, a mortgage and a daughter in high school.”

A deep dive into Canada’s micro climate for game investments

The organizers of MIGS 15 paid my way to Montreal. Our coverage remains objective.

MONTREAL Canada has a unique place in the game industry. It has multiple hubs across several cities that have become strong in both traditional and new digital game development talent. But the nation is weaker than other centers of gaming when it comes to franchise ownership, marketing, and online gaming. The result is that it also has its own unique investment micro climate when it comes to funding for game startups.

Canada, and in particular, Montreal, is home to the artistic and technical side of gaming. It has inspirational places like the Basilica Notre-Dame de Montreal and McGill University....

Answer to violence is not more violence

Economic empowerment, employment, micro-financing, education and social programmes should be the tools in the battle for the hearts and minds of young terrorists.

WALKING around Fifth Avenue in New York last Friday evening, I noticed a large number of police personnel on the streets.

This in itself is nothing new because cops appear to be ever-preĀ­sent in all major tourist locations in Manhattan.

But the sheer number of uniformed personnel was surprising and I only learnt the reason for this when I returned to my hotel and caught the news on TV.

The Paris attacks had happened barely a couple of hours earlier and the New York Police Department (NYPD) had responded...

Americans Missing Retirement Savings Goals, Says Merrill Edge Chief

Americans best intentions to save money for retirement are not being matched by their actions, said Aron Levine, head of Merrill Edge, a unit of Bank of America (BAC – Get Report) .

The 2015 Fall Merrill Edge Report shows that 59% of Americans set a goal to save for retirement this year, but only 31% have achieved their goal to date. Furthermore, the respondents in the survey admitted that their finances could have been in better shape recently, with 36% of those surveyed wishing they had stuck more to a budget in the last five years.

According to the survey, many Americans postpone savings due to the high value they place in large investments they deem worthwhile....