- The options trading newsletter service TradeGreeks launched auto-trading services through TradeKing. This will simplify trading for investors who want to automatically execute the trades recommended by TradeGreeks’ newsletters. Subscribers to the service would give TradeKing the authority to automatically execute trade alerts received from one either Options Speed or Options Magic, two of TradeGreeks newsletters. The newsletters offer high return (and high risk) option trading strategies that target shorter trading cycles. In 2013, the Options Speed trading newsletter is delivering independently verified returns of over 89%.
- Fidelity released their bi-annual “Couples Retirement Study” that examines retirement, financial expectations, and preparedness for 808 couples. The study found that while the number of women taking primary responsibility for daily financial decisions increased to 24% (up from 15% in 2011), only 19% claim the same level of responsibility for long-term retirement decisions. In a separate and unrelated recent study, Charles Schwab estimate that nearly half of people invested in their company 401(k)s don’t know what their best investment options are, and about a third believe they are doing it wrong.
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