The Consumer Memo, 11/27: Has the swine flu peaked?

Fewer college students infectedFewer college students infectedSwine flu infection rates at U.S. colleges and universities fell 37 percent last week, adding more evidence that the second wave of pandemic flu has peaked. The drop followed a similar decline a week earlier, according to a survey of 243 college and universities by the American College Health Association. In the latest report, the attack rate decreased to 13.4 cases per 10,000 students from 21.3 cases. The proportion of colleges with outbreaks fell to 90 percent from 95 percent.

iPhone expansion
The iPhone’s arrival in South Korea is generating considerable buzz among consumers and industry watchers amid expectations it will shake up a market dominated by world-beating domestic manufacturers.

Judging from pre-orders that started Nov. 22, Apple Inc.’s hit communications device appears set to make serious inroads in South Korea — home to some of the world’s most sophisticated mobile phone users. So far, KT Corp., the local mobile carrier which has contracted with Apple to sell service plans for the phone, says it has received 53,000 advance orders ahead of today’s Saturday’s official launch.

On the Black Friday front
The Wal-Mart store where a worker was fatally trampled by a holiday crowd in 2008 ran out of vouchers for some promotional items before the start of this year’s sale, leaving more than 1,000 waiting shoppers empty-handed.

Wal-Mart left the Valley Stream, N.Y., location open all night this year to keep crowds from gathering and started handing out tickets at midnight for discounted flat-screen televisions and other items. The prices didn’t take effect until 5 a.m. By 3:15 a.m., the store had reached capacity and 15 minutes later the vouchers were gone, said Steven Restivo, a company spokesman.

“I cut the holiday short thinking I could buy something I wouldn’t normally buy,” said Paul Dalton, 43, a construction worker from Island Park, New York. Dalton said he thought the sale would start at 5 a.m. and wanted to buy a 32-inch, Emerson LCD TV set advertised for $248. “I am very disappointed.”

Vanguard adds index funds
Vanguard Group Inc. opened seven index funds that target fixed-income investments, the U.S. mutual-fund asset category that has drawn 94 percent of client inflows this year. Three of the funds will buy U.S. government debt, three will hold corporate bonds and one will focus on mortgage-backed securities. Vanguard, the largest U.S. manager of stock and bond funds, said each will offer the option of an exchange-traded share class.

Roddick's brandRoddick's brandRoddick extends sponsorship
Wimbledon runner-up Andy Roddick extended his sponsorship agreement with the French clothing company Lacoste SA through 2013. Financial details of the deal between the company and the sixth-ranked player on the ATP World Tour weren’t disclosed.

Submitted by Steve Rosen on November 27, 2009 - 10:47am.
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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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Submitted by FPA on April 9, 2009 - 2:00pm.
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