I can’t say I’m very surprised by this: the IRS is reporting its first prosecution of a fraud scheme involving the new $8,000 first-time homebuyer credit. Read the full article

As I noted about a month ago, FINRA has drawn attention to the fact that leveraged and inverse exchange-traded funds are often not appropriate for retail investors. In response, some prominent broker/dealer firms have announced that they are backing away from the sale of such ETFs Read the full article

Boston College’s Center for Retirement Research recently released a brief that examines whether people nearing retirement should pay down their mortgages. Read the full article

When I moved to Boston, I was surprised to discover that despite the severity of New England winters, ice cream is a regional obsession. Here’s a useful resource for finding the area’s finest ice creameries as you travel this summer. Read the full article

The IRS is drawing attention to the fact that the cost of sending your children to a summer day camp can qualify you for lower taxes via the child care tax credit. Read the full article

As more attention is focused on to the risks of leveraged exchange-traded funds (ETFs), regulators are starting to investigate how they’re being sold to retail investors. Read the full article

New social media, like many relatively recent offspring of the internet, are in some ways an invention in search of a need. One thing that social media can be useful for is as a means to support and encourage your favorite charities. Read the full article

Although I’m not a true “foodie,” I do enjoy a good meal. I enjoy saving money, too. Restaurant Week enables me to do both simultaneously. Now in its ninth year in Boston, Restaurant Week offers an opportunity for locals to sample the offerings of pricey restaurants at a discount. Moreover, there are Restaurant Weeks in other cities. Read the full article

Several weeks ago I found time to read Nassim Nicholas Taleb’s Fooled By Randomness. This book, entertaining and eminently readable, is something between a memoir and a treatise on the pervasive human tendency to discern patterns in places where they don't actually exist. Among many examples, he shows how easy it is to mistake a lucky idiot for a skilled investment manager. Read the full article

Last May I attended a talk by Yale economist Robert Shiller in which he indicated that his company, MacroMarkets, was seeking SEC approval for a derivative product tied to home prices. Finally, this week the new “housing ETFs” are available. What are they about, and who should buy them? Read the full article

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