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Managing Your Money for the Year Ahead

Wednesday, 18 Jan 2012 | 9:49 AM ET

On Wall Street, the January Effect refers to the tendency of stocks to rise in the first month of the year as new money enters the market.

Deborah Harrison | Photographer's Choice | Getty Images

On Main Street, it might as well be the tendency of people to use the new year as an opportiunity to make resolutions that rarely survive the month.

We're not, however, talking about losing weight or exercising; we're interested in the financial decisions that will pay off throughout the year — saving, preserving allocating and investing money.

Such an exercise can be as basic as getting organized or as complicated as finding the right sectors in which to invest.

Our special report, "Your Money Resolutions," is all about taking care of your money: getting organized, improving your balance sheet, maximizing retirement income, assessing risk and identifying the right equity sectors.

Plus, you'll learn what our market prognosticators expect from various markets in 2012.

Commodities

Currencies

Mutual Funds

  • Total U.S. money market mutual fund assets fell by $35.02 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell by $5.33 billion to $912.96 billion, the Washington- based mutual fund trade group said Thursday.

  • The $9.4 billion Fidelity Select Biotechnology Fund plunged 11.75 percent during the first 14 days of April. That put the fund near the bottom among nearly 3,800 U.S. mutual funds tracked by Lipper Inc. Only six funds performed worse, but they had less than $100 million in assets each.

  • BOSTON, April 16- American Funds, the No. 3 U.S. mutual fund family, advised some customers to change user names and passwords on Wednesday as the number of companies and people affected by the notorious "Heartbleed" bug grows.

Bonds

Stocks