Market Wrap-Up for Oct.28 (CVC, WHR, CLF, MET, PFE, KFT, more)

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Despite a lot of fuss being made about the bailouts globally (I certainly have made my thoughts known this week), the averages tallied another positive week.

Earnings movers to the upside today included Cliffs Natural Resources ( CLF ), Arch Coal ( ACI ), and Metlife ( MET ). It's interesting that Metlife reported big gains from derivatives . Just a few days back, the company was denied its request to raise its dividend as part of its ongoing review from the Federal Reserve's oversight committee. The company did say it might sell its banking business to avoid regulatory issues that might arise from being tagged as "too big to fail."

As for disappointing earnings reactions, investors were busy selling shares of Expedia ( EXPE ), Cablevision ( CVC ), and Whirlpool ( WHR ). Whirlpool executives also announced the company would be cutting 5,000 jobs as they see demand at recessionary levels in the U.S. It was a fairly quiet day as stocks that ran up the last couple of weeks moved sideways for much of the day.

Baby Boomers Staying Put

A just-released poll from Associated Press and LifeGoesStrong.com reported that fifty-two percent of boomers say they are unlikely to move someplace new in retirement, unchanged from March. And 4 in 10 say they are very likely to stay in their current home throughout their retirement.

This sort of data reminds us that retirees need to find assets that can produce income in their golden years. Many baby boomers will be reluctant to sell their homes because values have fallen, whereas they could have gotten much more for their homes years ago (this phenomenon is similar to an investor refusing to sell a stock that has fallen off its highs, because he wants those older prices back).

Realistically, no one is ever able to sell right at the exact top of the market. Many who sold their homes in 2006, only to see prices accelerate even higher the next year, probably felt some seller's remorse. It happens. Now if someone wants to stay in their home because of other reasons, there's nothing wrong with that. The key is to know how one can carry the ongoing expenses of owning a home during retirement. Running out of money just to stay in your house is not a smart plan.

There is nothing wrong to sitting down with a certified financial planner who can evaluate your particular situation. For some, it may not be feasible to carry a heavy real estate burden. For example, my parents' property taxes have not stopped rising, and even though their home is paid off, they feel the psychological burden of watching their annual costs rise (much more than the government's reported inflation gauges would have you believe).

Every situation is different, of course. Before you draw any lines in the sand about your living arrangements, be sure you crunch the numbers first. Be as certain about your best option as you can, so you are prepared financially for any potentially mounting expenses.

Take Charge of Your Finances - You Can Do It!

It's nearly impossible to achieve financial peace of mind without a sense of discipline. Many individuals get caught up in the material frenzy of "Keeping up with the Joneses," only to let the years fly by before realizing they're in a deep hole of debt, with little in the way of savings.

Making regular contributions to your retirement account (and maxing out those contributions) is key to keeping your tax bite from being severe. All too many people count on their home as their main nest egg. The real estate market has been very tough those who assumed a certain value in their property.

Investing is an ongoing process. You can't just put money into investments and forget about them. Always pay attention to where your money is going and how your investments are performing.

There are plenty of resources at one's fingertips these days, so looking after your life savings is not as hard as Wall Street would have you believe. Is it beneficial to have an investment advisor help you sort things out? Certainly! But never forget this - No one will care more about your money than YOU!

Dividend Stock Recommendation Change

Be sure to check out the name we removed from our recommended list this morning. You can find the full run-down of our downgrade here .

A Look to Next Week and a Weekend Preview

Looking ahead to next week, quarterly earnings will be rocking once again, with several big names slated to post their latest reports. We will see results from the likes of Pfizer ( PFE ), MasterCard ( MA ), Kraft Foods ( KFT ), Clorox ( CLX ), and plenty of others.

Be sure to catch up with our latest watchlist updates this weekend on Dividend.com Premium , including reports on earnings/story stocks, analyst upgrades/downgrades, dividend ETFs, and much more. And as always, you can view our current recommendations on our industry-leading Best Dividend Stocks List .

Thanks for reading, and I'll see this weekend! P.S. Please pass this e-mail on to someone you think can use some financial motivation as well as being kept in the financial news loop that could affect them.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: ACI , CLF , CLX , CVC , EXPE

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