I’m going to be rich — really rich. All I need to do is invest in a publicly traded company called Pressure BioSciences Inc. (PBIO), according to an unsolicited email I received last week. The email noted that Chicago-based Zacks Research had a one-year price target of $3.00, which would amount to an 882 percent gain over the next year. Simply sink $113,000 in the stock, and I’ll have a million dollars rolling in by this time next year. Champagne and caviar for me.
Are you looking for income? One solution often pitched is private and non-traded REITs (real estate investment trusts). REITs raise money to buy income-producing real estate. In this low-yield environment, they are touted as having high yields and no market risk, and as alternatives to bonds.
Just about two months ago, on Oct. 15, the headlines read “ Market Freak Out” as the Dow Jones Industrial Average “ plunged.” Headlines warned “ Why the selling is just getting started.” Fear had returned to the market.
ConocoPhillips Co. has the best 401(k) plan for workers, while Facebook Inc., Amazon.com Inc. and Whole Foods Market Inc. offer some of the worst, according to a Bloomberg News survey of the 250 largest public companies in the country.
A day after President Barack Obama gave the go-ahead for the Treasury Department to create a "starter" savings account, experts are weighing whether it will be worthwhile or just another ignored investment tool.
If you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest.
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