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MARKETWATCH FRONT PAGE
You’ve heard of helicopter parents? Welcome to the world of helicopter investing and our call of the day from Barclays Wealth Management’s chief investment officer William Hobbs, who says investors are too angst-ridden lately about one particular monster under the bed. See full story.
The American dream of retirement isn’t going to be fulfilled, says Raoul Pal
Are baby boomers investing too much in risk? This former hedge fund manager says so See full story.
Finance is ‘doomed’ to repeat past mistakes without a major diversity shake-up, warns head of industry group
A corner of Wall Street that fueled the subprime mortgage crisis wants to see more women and people of color put in charge of calling the shots in finance, says Michael Bright, CEO of the Structured Finance Association. See full story.
20 Donald Trumps? Check out this animated graphic for some perspective on Mike Bloomberg’s wealth
Even if the whole presidency thing doesn’t work out — after last night, it might be a stretch — Mike Bloomberg will still have a fluffy pile of cash to fall back on. How fluffy? This animation makes it pretty clear. See full story.
Here are two charts that show the stock market isn’t anything like that of the dot-com mania
The huge surge in stocks like Tesla, Virgin Galactic and Stamps.com have brought back some trader memories of the heady days of the dot-com boom. But Robert Buckland, a global strategist at Citi, studied stock market distributions to show the market of now is not really that similar to that of the dot-com days. See full story.
MARKETWATCH PERSONAL FINANCE
‘For the last few months, I’ve been working two part-time jobs in addition to my military duties to save up for my monthly shortfall while I’m in school.’ See full story.