Golden Insights from – For the Week of October 3, 2011

Oct 4, 2011 | Corporate Member News

Suing the children? Don’t let this be you

How to plan for your own future so you don’t have to sue your kids 

The story is sad on many levels. Seventy-three old Shirley Anderson has lupus, has never worked and has $28,000 in credit card debt. She had relied on support payments from her ex-husband until he died nearly a decade ago. At that point, she reached out to her three estranged adult children for financial help. One of her sons claims he hasn’t had a relationship with his mother since she moved away and left him to fend for himself when he was a mere 15 years old. The answer came back: sorry lady, not gonna happen. Ms. Anderson went to court and using pro-bono legal services, has attempted to sue her kids for support payments… 


10 stylish stocks for fashionistas

What you didn’t know about these fashion companies 

Oh, the quandary! You’ve been so good about putting aside money into savings every month and now it’s practically burning a hole in the pocket of your designer jeans. You know you need to get this money invested for the long-term before you accidentally run into a shoe sale and blow it all on killer stilettos. If fashion interests you far more than finance, why not combine them and make investing fun? Here are a few interesting tidbits about 10 publicly traded fashion companies to help you get your research started… 


Risky business! How can you make your investments safer?

Six ways to reduce risk in your portfolio 

Photo credit - Moneyball movie still

Hollywood loves to make movies about risk-takers, from Ferris Bueller’s Day Off to Field of Dreams. We love to watch other people take risks and triumph in the end. In the new movie Moneyball, Brad Pitt stars as the general manager of the Oakland A’s baseball team. He takes a big risk to rev up his ailing team by using computer-generated mathematical analysis to choose players rather than the traditional scouting methods. 

Most of us would like to take more risks in life and with our investments, if only they weren’t so darn, well, risky. The following are six types of risk that might be lurking in your portfolio and how you can handle them… 

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