Surging stock prices in October weren’t enough to entice mutual fund investors back into the market. Instead, bonds continued to hold appeal. Investors withdrew a net $17.6 billion from stock mutual funds last month, industry consultant Strategic Insight said on Friday. It was the sixth consecutive month of net withdrawals, which total $97 billion over [...] [...]
Level 3 Communications Inc. plans to sell $300 million worth of new bonds, the company said Tuesday, using the cash to pay back debt coming due this year. Level 3, which provides the type of Internet infrastructure that helps deliver Netflix Inc.’s popular streaming movie service, said the new notes will come due in 2019. [...] [...]
Despite the stock market showing some signs of life during the past month (the fastest bull market since 1938), investors are exploring new ways to build wealth. Interest in stocks and real estate has cooled to say the least, while high-yield bonds, gold and annuities are on fire. Let’s look at each. High-yield bonds With [...] [...]