Too much money to manage yourself (CNN Money)

July 16th, 2009

Question: I’ve been a do-it-yourself investor for more than 20 years. But now that I’ve rolled my 401(k) into my IRA, I’m dealing with a rather large portfolio. I can’t afford to make mistakes with this money, but the prospect of paying someone several thousand dollars a year to invest is a little unnerving. I’m considering investing some of the money myself and having an investment manager …

‘Fast Money’ Portfolios of the Week (TheStreet.com)

July 16th, 2009

Here’s what the ‘Fast Money’ crew has been talking about lately.

Jennifer Openshaw: Five iPhone apps to help you manage money (Market Watch)

July 16th, 2009

Money-saving tips and tricks are on everyone’s minds these days. Given the some 60,000 tools available for your iPhone, let’s take a look at five that could make a real difference for your finances.

States awash in stimulus money to weatherize homes (AP via Yahoo! News)

July 16th, 2009

Ready or not, states are getting a tenfold boost in federal money to weatherize drafty homes, an increase so huge it has raised fears of waste and fraud and set off a scramble to find workers and houses for them to repair.

China Money-Market Rates Climb After Central Bank Bill Sales (Bloomberg)

July 16th, 2009

July 16 (Bloomberg) — China’s money-market rates climbed after the central bank sold 50 billion yuan ($7.3 billion) in bills at the highest yields this year, adding to evidence the government is reining in cash supply to prevent asset bubbles.

Color of Money Live (Washington Post)

July 16th, 2009

Need advice about how to handle your personal finances? Whether the struggle is saving for retirement, organizing your bank files, or talking about money responsibility with your spouse or loved one, Post personal finance columnist Michelle Singletary offered her advice and answered your questions on Wednesday, July 15 at 12 p.m. ET.

Mass. philanthropist uses $5M of his own money to help Madoff victims (Minneapolis-St. Paul Star Tribune)

July 16th, 2009

BOSTON – A Massachusetts philanthropist who lost most of his personal fortune in the Bernard Madoff scandal has paid $5 million out of his own pocket to restore the retirement savings of employees who lost money in the multibillion dollar scam.

China Money Market Rates Climb After Central Bank Bill Sales (Bloomberg)

July 16th, 2009

July 16 (Bloomberg) — China’s money market rates climbed after the central bank sold bills at the highest yields this year, adding to evidence that the government is reining in money supply to prevent asset bubbles.

COMPANY DIRECTOR CHARGED FOR MONEY LAUNDERING (Bernama via Yahoo! Malaysia News)

July 16th, 2009

KUALA LUMPUR, July 16 (Bernama) — A company director who was earlier charged for employing a scheme to defraud investors and carrying out capital market services last year, was again charged at the Sessions Court here today for money laundering involving RM5,302,142.93.

Kazakh citizens on trial in U.S. on money counterfeiting charges (Interfax)

July 16th, 2009

ASTANA. July 16 (Interfax) – Two Kazakh citizens suspected of money counterfeiting are being tried in the United States, a Kazakh police source told Interfax. He said the hearing would start in the Chatham Court in Massachusetts on July 21.