August 26, 2015 |
After rising for three years, U.S. stock prices on Monday fell along with world markets. But most Americans aren't feeling investors' pain: Some of the same forces driving shares down are also trimming the cost of gasoline and food. And analysts say the market swoon is unlikely to slow hiring or damage an improving economy. With key stock indices off by more than 10 percent since peaking in mid-May, "the market is now officially in 'correction' territory," Daniel Roccato, president of $95 million asset Quaker Wealth Management L.L.C.
July 26, 2014 |
Given how little good news is ever reported about Philadelphia's municipal pension fund, Thursday was a red-letter day. The total fund ended the fiscal year up 15.6 percent, outperforming its benchmarks by 1.96 percent. A more narrow portfolio, managed internally, did well, too, showing an 11.97 percent return, about 3.5 percent higher than similar benchmark funds. That is, in fairness, a very small step in the right direction. The city's pension system is severely unfunded, with only about half the money it needs to pay its $5 billion in obligations to current and future retirees.
July 8, 2014 |
Inflation is making a comeback - although the Federal Reserve doesn't think so - prompting us to determine how we might hedge against it, or benefit from rising prices. Witness higher prices everywhere: at the grocery for meat and coffee, at the gasoline pump, rents, even health care. Invest in companies that benefit from rising prices, such as exchange-traded funds Market Vectors Agribusiness ETF (MOO) that correspond to the price and yield of the Market Vectors Global Agribusiness Index.
June 21, 2014 |
Few would argue that tobacco has any redeeming qualities, but is it a "moral evil"? That's the question members of the University of Pennsylvania's board of trustees likely will grapple with Friday when they consider a proposal to prohibit the investment of university endowment funds in tobacco products. The discussion follows an open letter signed by 530 senior Penn faculty members, urging divestment from tobacco companies, and a 17-page proposal authored by Penn professors and several others.
December 13, 2013
REMEMBER Bernard Madoff. He should be as well-known to investors as Warren Buffett, but for different reasons. Buffett is known for investment success and philanthropy. Madoff should be remembered as the embodiment of deceit. Five years ago, on Dec. 11, 2008, Madoff was arrested for running what has been labeled one of this country's largest Ponzi schemes. Madoff, who had been a prominent member of the securities industry and the chairman of Nasdaq, is serving a 150-year prison term for bilking investors out of billions of dollars.
January 29, 2013
MY DUMBEST investment was when I bought shares of Ambac Financial. It turned out to be my best lesson on the dangers of "emotional investing. " I thought I was catching it on the upswing, but I ended up getting an uppercut instead, as it fell faster than I could regain my balance. I quickly realized that the market reacts much faster than I can, and that a sure-footed investment strategy is a much better plan. - T., online THE FOOL RESPONDS: This bond insurer ran into trouble in 2007, largely due to involvement in mortgage-related securities, and filed for bankruptcy protection in 2010.
October 15, 2012 |
Is Warren Buffett, the octogenarian billionaire and "Sage of Omaha," a model for small investors to imitate, or are his methods more suited for corporate titans than for the commoner? You be the judge. A site that bills itself as "your free source to invest like Buffett is divided into three "courses": introductory lessons in so-called value investing, followed by intermediate and advanced lessons in Buffetteering. The site was developed by Buffettologist Preston Pysh, who has a book, Warren Buffett's Three Favorite Books . Value investors look for stocks and bonds that can be bought at what appears to be bargain prices, on the theory that those investments should increase in value over time.
August 31, 2012 |
Mitt Romney and the Republicans down in Tampa are selling hope. He'll win if he can persuade enough voters that he'll make things better: more jobs for young people, so they can stop cramming into apartments and buy homes and have kids and put builders back to work; less taxes and fewer environmental rules for businesses, so they can choose to grow; less costly public funding for health care and retirement. Polling of professional investors by SEI Corp. , based in Oaks, and Brinker Capital , of King of Prussia, found that they heavily favor Romney.
August 10, 2012 |
EAGLES TIGHT end Brent Celek, former Eagles Kevin Curtis and A.J. Feeley, and Feeley's wife, newly minted Olympic soccer gold-medalist Heather Mitts, are suing an alleged rogue financial adviser who dragged them into a Ponzi scheme, according to documents filed Thursday in federal court in Philadelphia. According to court documents, William Crafton, of San Diego, intentionally made misleading statements to execute investments that were not in his clients' best interest. The athletes told Crafton they wanted him to use a conservative investment strategy to ensure that their financial assets would grow over time, the documents allege.
May 15, 2012 |
That JPMorgan Chase could lose $2 billion in risky trades involving bonds, with the nation still recovering from a recession caused by big banks, might remind newspaper readers of the parable about the frog and the scorpion. That's the one where a fearful frog agrees to give a beguiling scorpion a ride across a river on his back, only to be stung halfway across. "Why?" the frog asks, noting that they both will now drown. "I couldn't help myself," replied the scorpion. "It's my nature.