The News Review:
- 401(k)s still lure cash despite big losses
- Keene-area residents caught in investment fraud
- Bank of America utlines Approach to Track Lending and Investing …
- Lies damn lies and statistics in investing
- Don’t even think about investing in airline stocks
401(k)s still lure cash despite big losses
Los Angeles Times CA
By Tiffany Hsu January 29 2009The last few months have undercut Theresa Dreike’s retirement savings at least 20% but the 28-year-old Long Beach resident is still contributing $200 a month to her 401(k) account as she cuts back elsewhere in her life. “It’s not like I need this money tomorrow so it’s important to keep making the investment because I don’t know what’s going to be there for me when I actually retire” she said. “For all I know Social Security could be gone. header-sect { background:#FFFFFF none repeat scroll 0%; text-align:center; position:relative; top:-12px; left:52px; width:108px; }#sponsored1. header-sect a { color:#818181; font-size:10px; font-weight:bold; text-transform:uppercase; font-family:Verdana Helvetica sans-serif; }#sponsored1 a:link { color:#818181; outline-color:invert; outline-style:none; outline-width:medium; text-decoration:none; }#sponsored1 a:visited { color:#818181; outline-color:invert; outline-style:none; outline-width:medium; text-decoration:none; }#sponsored1 a:hover { color:#818181; outline-color:invert; outline-style:none; outline-width:medium; text-decoration:underline; }#sponsored1 a:active { color:#818181; outline-color:invert; outline-style:none; outline-width:medium; text-decoration:none; }#sponsored1.
Keene-area residents caught in investment fraud
WCAX VT
area have thousands of dollars tied up in a New York firm whose owner is accused of investment fraud. owner Nicholas Cosmo is accused of taking more than $380 million from about 1500 investors who thought they were investing in high-yield loans. Adam Wright a 32-year-old former Keene resident who now lives in Boston said he invested $100000 with Agape and knows of 9 other Keene-area residents including his parents who also invested in the company. Cosmo allegedly spent investors’ money on jewelry hotel rooms limousines payments to his wife and a private baseball league. Information from: The Keene Sentinel.
Bank of America utlines Approach to Track Lending and Investing …
PR Newswire (press release) NY
The initiative which was presented to the Board ofDirectors at a regularly scheduled meeting today follows up on a pledge byBank of America Chairman and Chief Executive fficer Kenneth D. Lewis toprovide greater transparency into the company’s lending and investing effortsacross the enterprise.
Lies damn lies and statistics in investing
Motley Fool
Yes most people (scientists inclued) are statistical idiots (epidemiologists are the worst). Yet everyone needs to understand the basics of statistics. Following are some of the most common statistical problems and a few thoughts on how they relate to investing. Randomness Let us take a wide detour to memory (my area of expertise). Imagine that you thousands of psychology PhDs who study memory and each of them has multiple graduate students. Each of these people wants to find “the next big thing”.
Related from Maniafest: Sundance Film Festival got a boost from ‘sex lies and videotape’
Don’t even think about investing in airline stocks
BloggingStocks
With an economy that is ailing and fuel hedges gone awry the sector is once again facing the prospect of steep losses. Tuesday we learned how bad it can get for the group.