July 12, 2013
DEAR HARRY : I now know one of the major reasons that investors often don't do well in the stock market: There's too much conflicting advice. Just this past weekend, I saw reports by three "gurus" about portfolio management. Each had a different breakdown of how you should split your investments. They even varied on the split at specific ages. At age 65, one said 40 percent in stocks, a second said 50 percent, and the third said 55 percent. I checked with my stockbroker, and he said his firm agreed with 50 percent.
April 3, 2013 |
Class starts with an outlook on the U.S. economy and consumer confidence, and then the analyst's sales pitch begins: Will the fund be spending its precious dollars buying shares of VF Corp. (VFC), maker of North Face, Nautica, Timberland and Vans fashions, and Lee and Wrangler jeans? The fund just bought 75 shares in Qualcomm (QCOM) last week at $65.84, making a bet on a rebound in 2013 sales of chips for mobile handsets. And in April, the investment committee will hear a pitch for Caterpillar Inc. (CAT)
April 2, 2013 |
Class starts with an outlook on the U.S. economy and consumer confidence, and then the analyst's sales pitch begins: Will the fund be spending its precious dollars buying shares of VF Corp. (VFC), maker of North Face, Nautica, Timberland and Vans fashions and Lee and Wrangler jeans? The fund just bought 75 shares in Qualcomm (QCOM) last week at $65.84, making a bet on a rebound in 2013 sales of chips for mobile handsets. And in April, the investment committee will hear a pitch for Caterpillar Inc. (CAT)
January 15, 2013
Pennsylvania Real Estate Investment Trust, or PREIT, said it completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million. The sale to Kansas-based Rubenstein Real Estate Co. L.C. represents a gain on approximately $33.6 million, and net proceeds of $24.9 million after closing costs for the trust, PREIT said in a statement. Philadelphia-based PREIT has a portfolio of 47 retail-shopping properties, including the Cherry Hill and Willow Grove Park malls, in 13 states in the eastern half of the United States.
November 28, 2012 |
CORRECTION: An article in Sunday's Inquirer about outstanding loans by the Delaware River Port Authority misstated the status of one loan. The former Home Life Furniture, a manufacturer in Northeast Philadelphia, is now on schedule with its payments after having them deferred for a year. The error was the result of incorrect information supplied by the DRPA. With more than $20 million in outstanding loans to public and private ventures, the Delaware River Port Authority's economic-development pot is a gift that keeps on giving.
November 7, 2012 |
It's comforting to find a portfolio manager who ignores the noise of the markets, and, these days, the political screaming. Many investors are gaming Tuesday's election results, but not members of the Jensen Funds team. Perhaps it's because they are based in the Pacific Northwest, but the Jensen Funds portfolio managers don't give a hanging chad about who's in the White House or which party controls Congress. I caught up with one of the firm's founders and portfolio managers, Robert Zagunis, because he was stuck in Philadelphia during Hurricane Sandy.
September 29, 2012
Prolific children's author Jan Brett - more than 30 books so far - has another one out. It's called Mossy (G.P. Putnam's Sons, $17.99), and it's an unusual love story starring an eponymous turtle with a garden growing on her back. Here's the plot: Mossy falls in love with a male turtle named Scoot, then is taken away from Lilypad Pond by Dr. Carolina, a biologist who makes Mossy the main attraction at her natural history museum. It's all very exciting, until Dr. Carolina's niece Tory notices that Mossy, while enjoying the attention, is pining for Scoot.
September 22, 2012
Tovah Martin doesn't fuss over decorator colors on the walls of her Roxbury, Conn., home. She doesn't bother with window treatments or family portraits. Houseplants - hundreds of them - are what define her decor. Martin, author of more than a dozen gardening books, including The New Terrarium in 2009, has a new one from Timber Press ($22.95) called The Unexpected Houseplant: 220 Extraordinary Choices For Every Spot in Your Home . She's one of the best known and most knowledgeable garden authors in the country.
September 16, 2012 |
To the long list of investing strategies, add this: I'll have what she's having. That's the idea behind Ditto Trade, an online brokerage for anyone who has faith in cousins, best friends or next-door neighbors who are always bragging about their stock-trading chops. Attach your investment portfolio to theirs, and whenever they make a trade, so will you. No time to watch the market? No problem, as long as you trust the instincts of your Uncle Herb. Ditto Trade's CEO, Joe Fox, said his company will empower the stock-trading masses.
September 6, 2012 |
We all do it: We don't sell a stock when we should, even after the share price has hit our hoped-for target, or it has lost value and stayed low. We fall in love with our portfolio holdings. Professionals offer tips on how to sell as a discipline. We checked in with the folks running Logan Capital Management's Concentrated Value portfolio day to day. Marvin Kline and Rich Buchwald, managing directors at the $2 billion Ardmore money-management firm, are Penn alums (one undergrad, one grad school)