August 6, 2011 |
Many financial advisers have the same advice for nervous investors unhinged by the stock market's wild mood swings in recent days: Take a deep breath. Come in off the ledge. Don't panic. "The worst thing somebody can do is to sell into a panic," said Alexander F. Cabot, an analyst for the Wiley Group, a Conshohocken wealth-advisory firm. Thursday's 500-point Dow plunge, followed by Friday's whipsaw ride between positive and negative territory, might induce the risk-averse to head for the exits.
October 18, 2013 |
In his crowded townhouse office on Locust Street, Howard Trauger was calming an investor over the phone Wednesday. Shouldn't stock prices be collapsing, with all the "silliness" in Congress, and the threat that the United States would default on its debt? asked the caller, head of a foundation that invests more than $2 million of its endowment with Trauger's firm, Schuylkill Capital Management. "As a matter of fact, they aren't" collapsing, Trauger, a ruddy Schuylkill County native who has been buying and selling securities for a living since he cut his teeth at the Girard Bank in the 1970s, told his client.
June 1, 2012 |
Q. We have been discussing putting our investments in the hands of a highly recommended adviser. As part of our discussion, he said that he must have full control of our assets so that he can take advantage of opportunities that are available only for a few minutes. He wants not only control, but possession. I told him that you are opposed to giving any adviser both control and possession of the securities. He immediately pointed out that mutual funds do just that, and that you're out of date.
October 11, 2011 |
Public stock and bond markets got you down? Venture capital is starting to look good again. VC and angel funding have rebounded strongly since 2008 and the financial crisis, and Golden Seeds Fund 2 L.P. , a vintage 2011 fund, is just one example. The fund is focused on making early-stage portfolio investments, such as Cognition Therapeutics Inc., a Pittsburgh life-sciences company, and is building a portfolio of 20-plus investments through 2013. Golden Seeds is a network of angel investors wagering on start-ups at a time when small business needs financing more than ever.
October 18, 2011 |
There is no income in fixed income. We're at a strange inflection point in the capital markets. For decades, yields on fixed-income securities such as U.S. Treasuries have been falling, and they have reached a historic low point because the federal government has been intervening in its own debt markets. Leaving aside whether it's a good idea for the Federal Reserve to buy Treasuries, the yield on the 10-year Treasury, for instance, is now less than 3 percent. As a result, there are very few places for investors like us to find a place to generate income in our portfolios.
June 6, 2012 |
With the current volatility in both stock and bond markets, most money managers aren't as worried about taking risks in a portfolio as they are about preserving your capital and protecting income from dividend-oriented or growth stocks and bonds. Still, they are all having a hard time reading what has been an unusual investing climate. Such is the case with local money manager Bob Costello, who manages $55 million at his own shop, Costello Asset Management in Huntingdon Valley.
December 24, 1996 |
Township officials are hoping to revise investment of their police pension funds, which have lost about $600,000. Supervisors voted last week to investigate how the township should handle a group of limited partnership investments it made in the mid-1980s. Overall, the township bought $1.6 million worth of stock with the group, called American Insured Mortgage Investors (AIM), but the investment withered. Last year, supervisors sold some shares originally valued at $186,000.
May 21, 2010
Pruning is one of the scariest tasks in any garden. Most of us fly blind and do terrible things to our plants, shrubs, and trees. But as Lee Reich explains in The Pruning Book (Taunton Press, $21.95), proper pruning is critical. It keeps plants healthy, prevents them from growing too large, enhances their beauty, and improves the quality and quantity of their flowers, leaves and fruits. Not only that, but pruning can be fun, he says. Really? The oblivious among us know that nothing feels better than to whack away at an overgrown anything, but that's not the kind of fun Reich is talking about.
May 28, 2010
Reading Marta Teegen's new book, Homegrown: A Growing Guide for Creating a Cook's Garden in Raised Beds, Containers, and Small Spaces, I sensed that something was missing. Then it dawned on me. This may be the only gardening book around that doesn't have vivid illustrations. These are a pale, pale green, a curious and unsatisfying choice for a book about growing your own vegetables, herbs, and edible flowers. That said, Teegen has a pretty nice book here from Rodale ($19.99)
April 11, 2008
If you're a gardener, run, don't walk, to your nearest laptop or bookstore to buy The Truth About Organic Gardening: Benefits, Drawbacks and the Bottom Line by Jeff Gillman. If you think you already know this stuff, trust me. You don't. Not unless, like Gillman, you're an ornamental-plant specialist with a master's degree in entomology, a doctorate in horticulture, and a resume that includes extensive research on pesticides and a tenured teaching gig in horticultural science at the University of Minnesota.