Latest Personal investing News

Jamaal Bowman, who is running against Rep. Eliot Engel, D-N.Y., speaks during his primary-night party Tuesday, June. 23, 2020, in New York. (AP Photo/Eduardo Munoz Alvarez)

The Latest: Primary race for Engel's seat too early to call

Jun. 24, 2020 1:36 AM EDT

WASHINGTON (AP) — The Latest on a handful of primary elections across the United States (all times local): 1:30 a.m. The Democratic primary in New York’s 16th Congressional District is too early to call. As of 1 a.m. ET on Wednesday, challenger Jamaal Bowman had roughly 61% of the counted vote....

Boston man posed as wealthy Greek scion, defrauded investors

Jun. 19, 2020 1:54 PM EDT

BOSTON (AP) — A Boston man posed as a member of a wealthy Greek shipping family and defrauded investors out of more than $300,000, the U.S. Securities and Exchange Commission said in a complaint filed in Boston federal court Thursday. The agency said Vassilios Trikantzopoulos has claimed to be the money...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: When parents are the emergency fund

Jun. 15, 2020 3:32 PM EDT

Financial fallout from the pandemic is hitting millennials hard — and many will soon turn to their parents for help, if they haven’t already. Before parents ride to the rescue, financial planners urge them to map out a strategy that doesn’t just plug a short-term need but also makes sense in...

This undated photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com.  (NerdWallet via AP)

Liz Weston: Is your target date investment letting you down?

Jun. 8, 2020 7:14 AM EDT

Target date investments are supposed to be an easier way to invest, and they’re a popular choice in 401(k) plans. But the recent market downturn showed that some target date strategies suffered much bigger losses than others, especially for investors nearing retirement. Target date investments did...

FILE - In this March 10, 2009, file photo, former financier Bernie Madoff exits federal court in Manhattan, in New York. The Supreme Court is leaving in place a lower court ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday, June 1, 2020, declined to take the case. (AP Photo/David Karp, File)

Supreme Court declines to take Bernard Madoff trustee case

Jun. 1, 2020 10:18 AM EDT

WASHINGTON (AP) — The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court on Monday declined to get involved in the case. As is usual, the justices...

This undated photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com.  (NerdWallet via AP)

Liz Weston: Find free, solid money advice in uncertain times

May. 25, 2020 9:54 AM EDT

If you have money questions — and who among us doesn’t right now? — there are plenty of people willing to offer advice: friends, relatives and random strangers on the internet. Finding someone who knows what they’re talking about, and who isn’t trying to take advantage of you,...

FILE - In this April 1, 2020, file photo, a paper envelope written with the words

How to pay rent when you can’t afford it

May. 20, 2020 1:15 PM EDT

After Megan Pearson’s job as a restaurant server was put on hold because of COVID-19 -related stay-at-home orders, the single mom had to figure out how to come up with the rent for her apartment in Brooklyn, New York. “I posted my frustration on Facebook with trying to get through to unemployment...

Idaho Land Board will stick with timberland-buying strategy

May. 19, 2020 3:04 PM EDT

BOISE, Idaho (AP) — Gov. Brad Little’s desire to make a significant course change involving a politically charged strategy on how to invest millions of dollars to benefit public schools and other beneficiaries was rejected Tuesday by his fellow members on the Idaho Land Board. Little’s motion...

Real estate agent pleads guilty in marijuana farm scheme

May. 18, 2020 7:03 PM EDT

LOS ANGELES (AP) — A real estate agent who helped Chinese investors buy Southern California homes that were turned into illegal marijuana farms has pleaded guilty to a federal conspiracy charge. Lin Li of Chino entered the plea Monday. Prosecutors say Li admitted in a plea agreement that between 2013 and...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: Should seniors consider a reverse mortgage now?

May. 18, 2020 6:57 AM EDT

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have...