05/24/09: Financial News of the Week

" And -- show is online. Turned to Rick -- yeah Saturday is one before Sunday's nine the moon. 96 look."

" Welcome to another Sunday edition of the best buddies on radio I'm Rick should be with it until noon today -- that if your questions about anything and everything having to do with money Paul the producer. Everett is here back from of the week's vacation which -- quarter quote said. Was not long enough it's it's usually the story having to do with. Weeks vacations. And the queen of mutual funds the eyes that investing yourself -- go -- take -- it out is just arriving from a no other. Actually it's not a Carroll university -- parallel well. A the queen of mutual funds -- so Susan Kaplan. We've actually United's been on the phone last fifty minutes it's."

" You. Two different Boston policeman. That to say hello to pop. And this thing and they give their names that now but they said that'll prevent minus. Our allies when I was in the may you get -- currency -- real quiet. Now but those close. Ice that I did a Boston. Parts of the town waterfront are really close enough because this race going."

" They do that every Sunday and they always -- in -- lawyer -- and so and so finally --"

" This is please please get out to the JFK library because all the streets are closed off. And I think I I briefly. I know it sounds crazy but -- going to do radio shows and he said -- isn't -- good. Facing that may well when he said he only got four it doesn't get the news to -- put. Any that the say hi to the -- of view well thank you thank you very much evil buzz. He lucky talked. Meat to the next place who showed me advocate onto the expressway. And he also says with the house."

" Well we we are that our thanks to Boston's finest. That both of those gentlemen as well as all the other Boston policeman who threw for their lives on the line every day for us we respect him very much so I'm glad you're here and cities that talk about a for a half hour. Well that we talked about five minutes and -- show an outlet it quickly run rules rules and -- them Susan that we'll get through her financial news of the week. -- Seriously. Except for our questions -- your questions and ours there. And uses it to rule number three colored car from pay from from out of -- else. -- plus we spent annually which talks about when he we will attempt that guarantee a real attempt to get your calls were responsible three at the line plus we spent annually which talks about when he rule number for war is there are other rules -- there aren't like the sacred rule number six which is in his -- standing rule number six to rule number six seed. -- thank you to all of the Boston policeman specially detergent and police officers who helped you look at the stage and it's. And but there actually there under the rules and make them was goal rule number five not a role but the fact of life here in the militia and it was you for a third of the show -- do it up and it's very very for a so my suggestion is dollars as you go through sooner rather than later but not just yet because. We're going to wait -- Susan uses -- her financial news of the week. Our financial leaders we actually your financial -- and then we'll tell you what will start off which actually tell you why I didn't -- today for its -- for today Tuesday's. Visit the officially memorial as a tomorrow it's memorial. I think that's -- in any event all any if you are either your family of or you are a military. In the military. Or it will extend that your fireman or policeman would review any of those three or family of Indian grocery you can convict convinced fall our traditions that you are let him know and we will bump you for the entire dates is at the top idea. That the top of the Q. So other than the fact that you just went through -- and -- Ireland. Most of this that. All of you have a lot. Do we did you figure out what the races for now that's drive a lot I'm in Brookline and a lot of -- certain way. Move the Cass boulevard but sometimes they get there and it's closed up after ghost or drive I can never figure out what the walks -- more they don't uses thousands of -- I did figure out -- couple weeks ago that there Olympics I think it was from women -- game. But rather that I use their but it of the Euro area. How -- that your your your trip through. Driving hell."

" Great I'm great very good he could -- by the way I've picture unit erroneous and -- mom."

" It was a down I I get up early and I end up around 530 and the was why -- thunder. Thunder and lightning story yes -- actually throwing -- that's been so now looks beautiful again. They week from has then choppy in the market the good news is that. Layoff rates have really slowed down. The death now for the year is down 5%. The S and p.'s still --"

" And -- ten bag given how bad -- to -- Florida."

" All money file right and the NASA could actually ups seven. So it's been an arena where the text stuff has really done. Finally started to rebound."

" In Barron's yesterday ahead of -- can we say change -- general instrument but that tech here's one of the areas that got it bad by. -- it was a sorrowful spit because it was really the financial area that was that but the financial leaders put pulling a lot of different other sectors down including. Especially I think it TrueCrypt if you disagree that detector."

" Well I think -- tech area has been in the doldrums for years I really from 2000. 12000 -- and now things are perking up. And inventories have been used up things like that. And there aren't just today heads the top hedge funds and you'll be happy to know the ones that are still around. That the one year rate of return for many of the most famous ones. Down. 26%. 74%. 82%."

" Oh interesting if they had taken the ones that are -- that went out of business the clue included -- numbers -- green light capital 99 point 8%."

" That's sort of close to everything. Anyway they listed all of them -- they've been absolutely hideous that we when you said 99 was down 90%."

" Yes basically what it's all you if you put it -- a hundred dollars and there you edit. Less than a dollar left UK -- even -- go to McDonald's is exactly right."

" And one of the most shocking news items is that the as a -- he said the bond raiders are much lower on. Screwed ness of the industries and the stocks traders. The -- raiders are really looking they'd they look beyond the hype and are looking -- with the balance sheet and the essence he is talking about downgrading. Britain. The Bank of England he knew the mansion so as I've said B Fuller. I think that Europe has Western Europe in particular. Hand is much more difficulty. And on the horizon and in for the future -- longer than we have but this even to me is shocking. There are a lot of tips in terms of last minute travel for summer's summer travel because everything's been slowed down there a lot of -- deals. First of all obviously used for African frequent flier miles and credit card points. But in addition to that there are all kinds of freebies an add on slippery -- Breakfast park. Extra room nights. On the show tickets excursions. You can trade up that practically any luxury hotel now. You can consider this is surprising switching on business class seat some prices on certain airlines are almost as low as coach and don't be afraid to book late this year in the past the early -- the best deal this year prices are plunging as inventory remains and so long what you're saying if you're in in coach and a lot of times last minute you can ask to be upgraded -- upgrade and it's a very -- Dell had something. Bomb also call hotels directly and see if you can get a better quote special on quote rate. They need to business -- in everyone's making deals. Beaten theirs and theirs. A very big article on different laws that are being passed in in different states. To take on the financial scams against seniors. Now our state has really on the -- at the forefront of that. But basically the recession has spurred more scams that the -- playing on people's fear of stocks and some investments are pitched as low risk and instead they're very complex and are actually high risk. In that regulators in ascending sleuths to monitor free lunch seminars and we've always. We've always been against the free meal and investor money. Idea anyway and we've told you can hear the lecture you can have the free meal. But we don't recommend giving them your real name or phone number actually my suggestions those go. Have the supreme free meal. And bring a pair of and -- do you expect that -- there -- tips they have got to get -- is too. And and these I feel sad about because because. As -- knows someone can give you -- perfectly factual answers and completely mislead -- So they're sending -- senior -- with what are the risks of this investment. -- nothing sir it would be absolutely safe I I give the answers to these. How much is the cost that's too broad based you know there's no costly to -- because you like Q. Now I can't even read these questions that because their absurd the bottom line is there's no real financial adviser. Is buying you meals in order to talk to and tell you about themselves. You know you find some very nice. A nice ability to learn what's someone's really doing is some of the adult Ed classes and you need to the communities. Where you're actually paying -- to go. In you have you know four or six weeks worth. Of information by this person I think it gives you much more of an idea of what. To expect and what services they're offering prosecuted a shameless plug if the go to one of the minutia or financial workshop idea because again. The bottom line is we're not trying to sell any and that and Andy and if you go to someplace where someone's trying to give you information as opposed to try -- sell you something you generally going to get good information trying to sell you something. Then be careful. On the economy is definitely starting to stabilize. And on the deficit is staying low as the US recession creams to demand for foreign goods so it's been good for us bad for them. There's a huge piece about putting your faith in the power of the turning most people don't realize the power of attorney could be a license to steal. When you sign it and you're giving permission for someone else immediately. When the ink is dry you don't have to -- in the hospital you don't have to be dead unlike -- estate planning documents the power of attorney. On -- Or did -- pot and that's just to interject power powers of returning when you give someone else assign legal document should be made as specific as possible as limited as possible. And you should really know who this person is I've really had literally. A child trying to clean -- on this account issues in the nursing home. By some laughs as they have to go through me first so it didn't happen."

" Thanks for downloading and listening to the money show with a -- cheaper. Come back coffins Boston's talk evolution. But these 69 W. You PKK is on line and on them."