October 20, 2014 |
The lengthy bull market has helped boost Vanguard Group investors' assets by $1 trillion since the end of 2011. New revenues from the fees investors pay have also been growing. Malvern-based Vanguard now manages $2.7 trillion in U.S. investments, up from $1.6 trillion in 2011. Rising stock values, plus Vanguard's growth at the expense of its rivals - it now controls 18 percent of U.S. mutual fund assets, up from 13 percent before the recession - has generated more than $1 billion in additional annual fees over the last three years.
February 18, 2014 |
You might not want to hear it, but it's a good time to take profits by selling some big gainers in your portfolios - since that's how you make money. Last year's fabulous stock market return is prompting such money managers as Mark Fried to sell some stock positions and wait for a pullback, then redeploy the cash into some favorite names. "In the last month or so, we have increased our cash position to 20 percent from 10 percent in conservative portfolios," the Newtown portfolio manager and president of TFG Wealth Management says in an interview.
January 28, 2014 |
Vincent Lowry, a onetime Philly police detective, switched over to Wall Street decades ago. Now he is capturing the stock market's gains in what he believes is a smarter way. Lowry founded his own firm in 2004 in the old IBM building at 2005 Market St. and launched RevenueShares in 2008 to create new-fangled, exchange-traded funds (ETFs) based on revenue growth. His index fund ETFs differ in a key respect: He starts with the Standard & Poor's index benchmarks, but then weighs the public companies based on revenue, rather than market capitalization or earnings.
November 14, 2013 |
At least one investment research firm is calling for a correction in the stock market, and advising us to get ready to sell stocks. That gives us a chance to explain the difference between a "correction" and a "bear market" in equities. Corrections come in three sizes: small (3 percent to 5 percent), medium (5 percent to 10 percent), and bear market (more than 20 percent). "Small ones are hard to predict and rebound quickly," said Jean-Yves Dumont, of GaveKal Research, headquartered in New York.
October 3, 2013 |
It is not the government shutdown that has investors worried. It is the potential for a U.S. debt default come Oct. 17. After all, if Congress can't agree on a budget, how on earth will it agree to extend the ceiling on U.S. government borrowing? An agreement will eventually happen, says Guy LeBas, fixed-income strategist at Janney Montgomery Scott in Center City: "Although the risks posed by the debt ceiling are more significant than those for the shutdown . . . we expect the legislature will lift the debt limit, though possibly not until after receiving a negative market signal.
March 27, 2013 |
Will sequestration hurt the stock and bond markets? Not this month, when the budget cuts are scheduled to take effect. What about the economy? Probably not that much either, according to prognosticators. The sequestration cuts themselves are actually quite tiny. Total federal spending in 2012 was $3.53 trillion. President Obama's budget request for 2013 was $3.59 trillion. Under sequestration, total federal spending in 2013 would be $3.55 trillion, an increase of only $25 billion, a little less than 1 percent, according to the Congressional Budget Office (CBO)
March 13, 2013 |
Three months ago, Gov. Christie's budget was in deep trouble. His revenue forecasts for the 2012 and 2013 fiscal years had come up a total of $750 million short. Standard & Poor's had downgraded New Jersey's revenue picture from "stable" to "negative," and nobody knew what the real budget impact of Hurricane Sandy would be. Today, however, thanks to a surge in income tax payments by wealthy taxpayers cashing out before federal tax hikes and cashing in on a bull market, it's clear Christie has dodged what could have been a major fiscal nightmare heading into his November reelection campaign.
October 3, 2012 |
In April 2011, in our first column, we addressed whether it was still a good idea to invest in gold - trading at about $1,400 an ounce, at the time. The bullion price today is roughly $1,775 per ounce. There are many currents influencing the price of this precious metal, so it's helpful to check in with a market technician or analyst who follows trading patterns and momentum of a security's price, to find out whether gold's rally still has legs. Andrew Cardwell, a Philadelphia native, runs a technical trading outfit called Cardwell RSI Edge, and he predicts that gold's upward trend will continue well into 2013.
August 26, 2012 |
NEW YORK - They've called from pay phones. They've had furtive meetings at hotels and even a church. On internal government documents, they go by such code names as Mr. X. For the last year, whistle-blowers deep inside corporate America have been dishing dirt on their employers under a Securities and Exchange Commission program that could give them a cut of multimillion-dollar penalties won by financial regulators. A new bounty program has been an intel boon to the securities industry regulator, which has struggled to redeem itself after failing to stop Bernard Madoff's epic Ponzi scheme and rein in Wall Street before the 2008 financial crisis.
October 4, 2011 |
NEW YORK - The latest setback in Greece's financial crisis sent the Standard and Poor's 500 index to its lowest level of the year, putting it on the edge of a new bear market. The index, the benchmark for most U.S. stock funds, has fallen 19.4 percent since its high for the year on April 29. A 20 percent drop would signify the start of a bear market, ending a bull market that began in March 2009. The S&P 500 has gained 76 percent since then, including dividends. European markets slumped, dragging U.S. stocks down along with them, after Greece said it would miss deficit reduction targets it agreed to as part of its bailout deal.