After suffering through a wild ride the past several years, many ordinary investors have thrown up their hands in disgust. But stocks belong in many portfolios, and you shouldn’t banish them entirely and forever.
If you plan on leaving your heirs valuables, be warned: The tax code requires that objects worth more than $3,000 must have their value confirmed by an appraiser. To prepare, valuables should be appraised at least once every five years, says Lee Munson, chief investment officer of wealth manager Portfolio LLC in Albuquerque, N.M.
Portfolio Asset Management CIO Lee Munson argues there is too much uncertainty in BP’s future and investors should look elsewhere. On Money Rocks with Robert Bolling.
Lee Munson on the Goldman Sachs Fraud Settlement and the market’s health:
Stocks had their worst day in weeks, with the Dow off more than 260 points. Where will the market go from here? Joe Battipaglia, Michael Cuggino, Lee Munson, Stephen Moore and Larry Kudlow discuss.
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