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Friday, March 30, 2012

Personal Finance Daily: Free checking isn't entirely extinct

MarketWatch
Personal Finance Daily
MARCH 30, 2012

Friday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

Free checking isn't entirely extinct, Jennifer Waters reports — but it's pretty rare. If you keep a substantial minimum balance in your account, you may be able to find it at the bigger financial institutions, but your best bet for fee-free service is with small banks, online banks and credit unions.

In our latest Realty Q&A column, Lew Sichelman writes about alternatives to reverse mortgages, eligibility requirements and resources.

Also, there's that huge lottery hanging out there. You've heard about it, right? Chuck Jaffe writes that buying one ticket is fine; buying two makes it a stupid investment.

Anne Stanley , managing editor, Personal Finance

Alternatives to reverse mortgages

There are several alternatives to reverse mortgages, or home-equity conversion mortgages, as they also are known. But as with reverse loans, there are age restrictions, Lew Sichelman writes.
Read more: Alternatives to reverse mortgages.


Free checking: You can get it if you want it

Big banks are charging fees on checking accounts, but smaller banks, online banks and credit unions still want your business.
Read more: Free checking: You can get it if you want it.


INVESTING

China, oil, pressure global stock-fund investors

Stock investors venturing outside of the United States waded into calmer waters in the first quarter, with every international mutual-fund category posting double-digit gains in the period.
Read more: China, oil, pressure global stock-fund investors.


Mega Millions: In it, not to win it

Purchasing extra chances at the multistate lottery's enormous payoff doesn't put you "in the game," says Chuck Jaffe, who in fact taps this multiple-ticket strategy as his Stupid Investment of the Week.
Read more: Mega Millions: In it, not to win it.


Betting on quarterly momentum

Does a great quarter increase or decrease the odds for an higher stock market in the next quarter? Mark Hulbert sets out to discover the answer.
Read more: Betting on quarterly momentum.


Bond-fund investors ride out market's bumps

If the first quarter is any indicator, bond-market behavior may finally reflect the "new normal" that Pimco's Bill Gross and others first started talking about a few years back.
Read more: Bond fund investors ride out market's bumps.


ECONOMY & POLITICS

Sentiment highest in more than a year

Consumer sentiment is the highest in more than a year, led by views on current conditions, according to a gauge released Friday.
Read more: Sentiment highest in more than a year.


U.S. consumer spending jumps in February

While spending at the fastest pace in seven months, consumers' incomes rise at much slower clip in February.
Read more: U.S. consumer spending jumps in February.


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