For the average investor, the urge to buy low is practically etched into their DNA. That’s why anything they find on the bargain rack is just too tempting for most retail buyers to ignore.But as wise as that strategy obviously is, it is often a temptation that leads to disaster—particularly when buying in the universe [...]
Goldman Sachs’ economic team recently pulled out their crystal ball to come up with a new world order for the year 2040, and the prognostications could affect exchange traded funds (ETFs) in years to come.Take heed: this team was the originator of the BRIC concept (Brazil, Russia, China and India), and stated that they were [...]
It probably was no mystery where the money for all the oil was going as rising prices drained pocketbooks and benefited exchange traded funds (ETFs).If you were wondering, though, Exxon Mobil (XOM) has solved the mystery by reporting a second-quarter profit of $11.7 billion, the biggest profit from operations ever by a U.S. corporation, reports [...]