In case you missed it, the Fed announced that they’ll be cutting back on their bond buying activity starting in January. But it’s a small move overall, reducing their purchases from $85B/month to $75B/month.
They’ve also re-iterated that they’re planning on keeping interest rates low until unemployment falls below 6.5%, which will likely be 2015 at the earliest.
Interestingly, unlike last spring’s “taper tantrum,” the market reacted very positively to the news overall. In fact, for the week, the DJIA increased nearly 3% and the S&P 500 increased nearly 2.5%.
And now… Here are some articles that caught my eye this past week:
- Dividends are Evil — I wouldn’t go so far as to say they’re evil, but I don’t really get the fascination with dividend investing.
- Bond Funds vs. CDs — A very thoughtful analysis. CDs look quite good.
- Donating Appreciated Assets — This is much more efficient than donating cash.
- Build a TIPS Ladder for Retirement — A very thorough piece. Well worth reading — or bookmarking for future reference.
- Can I Do a Partial 401(k) Rollover? — Maybe. The IRS allows it, but your plan administrator might not. You’ll need to check to be sure.
- Stop Wasting Money on Vitamins — The available evidence suggests that multivitamins provide little (if any) benefit.
That’s it. I hope you’ve been having a great weekend.