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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Millionaire Corner Daily Financial Update March 23, 2012

www.millionairecorner.com Gold Set for Fourth Week of Losses Gold prices are set for their fourth straight week of losses, reports Reuters, remaining unchanged early Friday after hitting a two-month low on Thursday, according to Reuters.

www.millionairecorner.com Gold Set for Fourth Week of Losses Gold prices are set for their fourth straight week of losses, reports Reuters, remaining unchanged early Friday after hitting a two-month low on Thursday, according to Reuters. Weak economic data from China and the Euro zone drove down prices, which have also been negatively affected by climbing US Treasury yields, said Reuters, which forecasts an overall bearish trend for gold. Asian Stocks Extend Decline Asian stocks fell Friday, according to Bloomberg News, extending the biggest weekly decline of the year following a downbeat report from China’s third-largest bank. The MSCI Asia Pacific Index fell 0.7 percent by midday in Tokyo after Agricultural Bank of China Ltd. posted disappointing earnings, raising concerns over slowing growth in China. According to Bloomberg, more than half of Asian companies that reported earnings since January have fallen below estimates. Japan’s Nikkei 225 Stock Average fell 1 percent, Hong Kong’s Hang Seng Index fell 0.9 percent and China’s Shanghai Composite dropped 0.5 percent. Mortgage Rates Top 4 Percent An improving economy has pushed the rate for a 30-year, fixed rate mortgage back over 4 percent for the first time in five months, according to the Chicago Tribune, which notes that despite the increase, rates remain attractive by historic standards. Rates averaged 4.08 percent this week, up from 3.92 percent last week and 4.81 percent a year ago, said the Tribune, citing data 

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