Free Financial Today

Most people are familiar with Exchanges Traded Funds, but Exchange Traded Notes is a new one for many of the folks on Main Street. So just what are these ETNs, and how do they differ from ETFs?

Question: When our sister died ten years ago, my brother became the trustee of her five-year-old daughter’s trust. Drew invested Mandy’s money in a business he was starting, and Mandy received stock in return. The business folded this year, and now the stock is worthless. Shouldn’t Drew repay our niece the money he lost? He says what happened is nobody’s fault.

Answer: That’s just the way the investment cookie crumbles, is MORE

I have lived next to a CPA for a long time now, and there were many times while I was growing up that our conversations would turn to the subject of money. He always had an opinion on things and always seemed so smart. My brothers and I could always count on him to give us sound financial advice when we needed it.

LONDON (Reuters) – World stocks held steady on Tuesday while the dollar held above this week’s seven-month low against the yen as focus shifted to the state of U.S. consumers from a trade spat between the United States and China. A year after Lehman Brothers collapsed, risky assets are almost back at September 2008 levels and some G7 economies have come out of recession.

NEW YORK (Reuters) – President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers’ collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.