Personal Finance Daily: Beware the big bets, chase the safe havens

Personal Finance Daily OCTOBER 05, 2011 Beware the big bets, chase the safe havens By MarketWatch Don't miss these top stories: Beware the big bets, chase the safe havens Consumer-credit delinquencies rise Mortgage rates plunge beyond expectations Why geezers give the best investment advise. Many investors might be thinking their only alternatives in this volatile market are either the big bet or the safe haven, Robert Powell writes today in his Your Portfolio column. Well, the odds against the big bet paying off are really slim. Yet, safe havens are hard to find. Several investment advisers tell him there's no better safe haven than a well-diversified portfolio. — Anne Stanley , Managing Editor, Personal Finance Beware the big bets, chase the safe havens Current market conditions might lead many investors to think that big bets or safe havens are the only moves right now. But advisers say beware the big bet — it's a risky strategy and the losses could be equally big. Read more: Beware the big bets, chase the safe havens. Mortgage rates plunge beyond expectations Economists and bankers who follow mortgage rates religiously think that rates don't have much farther to drop from their record lows. They expect that rates can only go up. Read more: Mortgage rates plunge beyond expectations. Consumer-credit delinquencies rise Delinquency rates for consumer loans rose in second quarter, as employment weakness persisted and higher gas and food prices pressured family budgets, according to a new report from the American Bankers Association. Read more: Consumer-credit delinquencies rise. INVESTING Why geezers give the best investment advice Don't trust anyone over 30. That was a rallying cry for the counterculture 1960s. But nowadays, people seeking investment advice probably should be suspicious of anyone under 50. Read more: Why geezers give the best investment advise. ECONOMY & POLITICS Economic growth in government crosshairs As Congress weighs budget cuts, it's worth noting for investors that some kinds of government spending deliver more jobs and prosperity than others. Read more: Economic growth in government crosshairs. Private payrolls up 91,000 in September, ADP says Job growth in the private sector continued at a modest pace in September, led by the service-producing sector and small businesses, ADP reports. Read more: Private payrolls up 91,000 in September. Services growth decelerates in September: ISM The pace of growth in the services sector decelerates slightly in September, according to data Wednesday that reinforce a picture of a slow-moving economy. Read more: Services growth decelerates in September. Anger at Wall Street easy to organize There are too many people with too many problems with corporate America for the Occupy Wall Street movement to end any time soon. Read more: Anger at Wall Street easy to organize. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2011 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111