Weekend Investor



Published On

June 9, 2014

Published In


Weekend InvestorSATURDAY, JULY 13, 2013 ¬© 2013 Dow Jones & Company. All Rights ReservedFederal Reserve Chairman Ben BernankeU.S. stocks posted their third consecutive weekly gain, helped along by Federal Reserve Chairman Ben Bernanke, who said this week that monetary policy would remain “highly accommodative.” The Dow Jones Industrial Average climbed 328 points to set a new record close, its 25th this year.Higher-Cost EducationBetween the 2010-11 and 2012-13 academic years, the average tuition and fees for full-time, first-year, degree-seeking undergraduates at four-year state schools increased 6.7% to $7,526. Out-of-state students saw their tuition and fees increase 4.1% to $17,404, according to the U.S. Department of Education.Market PriceThe Financial Industry Regulatory Authority and other regulators fined New York brokerage firm Newedge USA $9.5 million for failing to stop computer-driven trading clients who sought to manipulate U.S. markets for nearly four years. The sanctions come as regulators increase scrutiny of computer-driven trading.Putting Money to WorkMembers of TIGER 21, a peer-to-peer network for investors with between $10 million and $100 million in investible assets, are turning away from cash. Allocations to cash and cash equivalents decreased to 10% in the second quarter from 12% in the first quarter. Allocations to real estate increased to 21% from 19%.Securing the Castle The Mortgage Bankers Association’s index of mortgages taken out for home purchases is up 19% this year, though it remains well below levels before the downturn. A recent rise in mortgage rates could hinder activity, though some buyers may fast-track plans to take advantage of mortgage rates that remain historically low.Go Forth and AdvertiseThe Securities and Exchange Commission voted to lift an 80-year-old ban on publicizing shares of hedge funds and other businesses issuing private stock without addressing key investor protections, prompting concerns that some people could be drawn into an investment without fully understanding the risks.