Invest now or give up gains forever (Bankrate.com) and What Mutual Funds We're Buying (Morningstar.com)

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City of Industry, CA --(www.USEquityNews.com)-- 11/26/2008 - Retirement industry alert provided by U.S. Equity News. Dear Dr. Don,


I've been eyeing a Roth IRA for a couple of years, but don't know how to get started or what brokerage to open it with. Also, do you have any suggestions on how to invest in my Roth IRA?

-- Sonya Selects
Dear Sonya, Assuming you qualify to contribute to a Roth IRA this tax year, you can choose to invest via a bank account, a brokerage account or by dealing directly with a mutual fund family. Your choice of custodian for the account should be based on how you want to invest the funds, and the fees and expenses associated with the custodian and the investment.I can't provide any specific investment advice because I don't know anything about you. The closer you are to retirement, for example, the more conservative you may want to be in your investments. [Read the full article]

Premium subscribers know what funds we're recommending, but it's natural to be curious to see what funds we're buying amid the bear market. And yes, we are buying just like we've said investors should do in numerous columns over the past few months. I'll start with my own investments and then move on to those of some of my colleagues.

What I'm Buying With so many smart investors like Warren Buffett and Jeremy Grantham saying that stocks are cheap, I feel confident a lot of funds are going to prove to be good investments today even if we aren't at the bottom.I've grouped my buy list into two types: stalwarts and rebound plays. The stalwarts have held up better than most, and the rebound plays have gotten smacked but have great managers who still know what they're doing. [Read the full article]

WASHINGTON (AP) -- Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate.The answer is that Uncle Sam thinks letting Citi fail is unthinkable.

The government has decided that guaranteeing hundreds of billions of dollars in possible losses and injecting $20 billion more into Citi trumps the alternative -- a panic that could leave retirement accounts and investment portfolios of millions of ordinary Americans in tatters and shove more people out of jobs.Whether the government's rescue of Citigroup Inc., announced late Sunday, will ultimately prove a good deal for taxpayers is hard to tell. In part, that's because no one seems sure what Citi's troubled assets are actually worth.If the gamble pays off, Citigroup would be back on firm footing, unhinged financial markets would recover and taxpayers would turn a profit. If it doesn't, taxpayers would take a hit. [Read the full article]

If Bing Crosby was around today, he might be singing, "I'll Be Broke for Christmas." A recession is not exactly the cheeriest time in which to celebrate the holidays.A report by the International Council of Shopping Centers, or ICSC, found that year-over-year sales at U.S. retail chains fell 0.9 percent in October, and predicted an abysmal holiday shopping season. "ICSC Research is now paring its holiday forecast to the low end of our forecast range," said Michael P. [Read the full article]

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