Archive for October, 2008
Long bonds – the most dangerous asset class
In light of the recent stock market turmoil, investors are turning to bonds as a safe haven. Financial planners, playing to the fear, recommend that an individual's bond allocation should approximate their age; i.e a forty year old should have about 40% of their assets in bonds. This is interesting, because most money managers consider [...]
Posted: October 30th, 2008 under Asset Management.
Comments: none
Hysteria
The current issue of Forbes reports that the stock of Horsehead Holding Company, a zinc producer in Pennsylvania, is currently selling at less than net working capital. Pretty cheap.
Posted: October 28th, 2008 under Asset Management.
Comments: none
When 401(k) Investing Goes Bad
At a time when everyone is worried about their retirements accounts, I thought the following article might offer some perspective. Teachers in West Virginia offer a valuable lesson for what not to doBy JENNIFER LEVITZ Wall Street JournalAugust 4, 2008 Seventeen years ago, West Virginia school employees joined millions of workers nationwide in a shift [...]
Posted: October 19th, 2008 under Asset Management.
Comments: none
80% Down For The Year
As of today's close, 80% of stocks in the Russell 3,000 are down year to date, and a whopping 17% are down more than 50%. The only two places to hide in recent weeks have been US Treasuries and the US Dollar. Source: Bespoke Investment Group
Posted: October 4th, 2008 under Asset Management.
Comments: none
Some Investors Stampede to Alpacas and Turn to Drink
Please don't do this Who can blame an investor for taking to the bottle? Andy Pick, a 49-year-old stay-at-home father in Atlanta, recently bypassed the stock market for liquid assets — $120,000 in champagnes. He bought 400 bottles, mostly 1996 vintage, that he says he plans to "sit on" for 10 or 15 years and [...]
Posted: October 3rd, 2008 under Asset Management.
Comments: none
