If you're wondering how financial planner Charles Failla sees the next decade of investing and beyond, consider this: Both his 3-year-old son and 18-month-old daughter are studying Mandarin. "That gives you some idea about my conviction on emerging markets," says Mr. Failla, principal at Sovereign Financial Group in New York. While the "jury is still out on the US – which has a lot of problems to fix – I am very optimistic about China and India over the next 20 years." There's plenty of advice about what investors should do for 2011. But where do financial pros suggest you put your money through 2020? Here are five themes for the new decade:
In many other endeavors outside of investing, getting a forecast half-right isn't quite the end of the world. In asset allocation, however, half-right can be a killer.
Investors' moves to ETFs, emerging market debt, and the next generation of high-tech startups are three themes for the new year.
In an unprecedented show of cooperation between firms, money managers are sharing information with one another to construct the best portfolios for their clients
S&P, one of the three major credit-rating firms, downgraded its rating for US debt Friday night – a move that has the potential to further spook global markets and drive up borrowing costs in the US. The reason for the downgrade, S&P said, was congressional dysfunction.
Debt limit deal causes jump for stocks in Asia and stock futures in US. But big cuts from second step of debt limit plan would be needed for a durable rally.