Personal investing

• What the Christmas movie ‘Elf’ can teach us about today's cost of living - To live like the New York-based family in the movie "Elf" today, it would take millions. Here are the biggest financial lessons from the film.
• Goldman Sachs makes big bet on ETFs specializing in downside protection - Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — which use options to help protect against market losses.