The search for new portfolio ballast
Advisers are debating why Pimco's co-CIO unexpectedly resigned but most agree that with Bill Gross in charge of investment strategy, the firm is not likely to take a hit to its reputation or suffer major fund outflows.
The problem is complex: With bonds in the dumps, many advisers are cutting their clients' allocations to fixed income. But they have to figure out where to put that money, because it's not a slam-dunk “toss it into stocks” decision.
Today: How Pimco misread the Fed's tapering plan, plus: Gold starts to shine, the dollar rallies and ETFs are on track to overtake hedge funds. Also: Oops, Obamacare forgot to include an option for adding babies to insurance.
Private-equity firms marketing retail-oriented funds that don't require decade-long lockup
2014 could be a good year for mortgage REITs and here's why. Plus: Which housing markets are vulnerable to rising rates, gold-mining stocks for the truest gold bugs, an ETF end zone dance, social media apps took over in 2013, and more proof of Obamacare bumbling.
Professional financial advisers also divided on what advice to give as the metal flashes bullish and bearish signals
"Get out while the getting is still good," says Asset Dedication's Brent Burns.
Plus: Asian markets are charging, hitting a year-end financial high note, how to use bond ETFs, Amex gets stung, and apps for getting fit. Check out Breakfast with Benjamin.
