Evergreen Investments Announces New Closed-End Fund IPO: Financial News - Yahoo! Finance
at 2005-11-12 20:28:49
We're Not Saving Enough
at 2005-11-12 20:28:49
Bob Pisani was down in Florida reporting from the Securities Industry Association shindig. Turns out Americans aren't saving enough. Forgetting that some portion of their conclusion would be selfserving, it should not be a shock that we need to save more.
Over the next few days I hope to put a couple of posts about retirement planning and executing strategy. This is important stuff.
Completely Different Worlds
at 2005-11-12 20:28:49
Yesterday I had a client meeting with people that have been with me for a while. I have one big piece of their investible assets and another big chunk is at UBS with a broker. The client mentioned that the UBS account is now all cash because the broker doesn't have much feel for the market right now. The client asked me I felt the same way. "No I don't."
The client conceded that I am much more on top of things than their broker.
I also got a call yesterday from my friend who is salesman at a big bank. We were talking about another salesman for the bank in my area who apparently has about 1000 clients. My friend said the guy probably can only talk to 200 of them. 200? I say no way.
In trying to address retirement issues and who, if anyone, should help you manage your portfolio I hope to point out how unlikely it is you will find someone at a bank or brokerage that actually has time to manage your account.
This is
ETF Mutual Fund at 2005-11-12 20:28:49
Gregg Greenberg has an article up about a fund company that uses only ETFs in its funds. Their stock fund (as opposed to stock bond combo) is the AdvisorOne Amerigo Fund ( CLSAX).
Here are the top ten holdings; iShares MSCI Emerg Mkts (EEM) 14.28% iShares Russell Midcap Growth (IWP)10.28% iShares Russell 1000 Value (IWD) 10.05% NASDAQ 100 Trust Shares (QQQQ) 7.70% iShares MSCI EAFE (EFA) 7.05% Vanguard Mid Cap VIPERs (VO) 6.29% Consumer Staples Select Sector SPDR 5.69% iShares Dow Jones Trannies (IYT) 4.80% SPDRs (SPY) 4.07% Vanguard Val
Intel not pretty at 2005-11-12 20:28:48
INTC reported revs in-line with estimates and at high-end of guidance; INTC also reported higher gross margins and higher operating expenses. Guidance for next quarter was below expectations and below seasonal growth because like we said before INTC produced more than they needed to hence kept gross margins up, now those excess shipments are being worked down by customers. Like I have said
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