New Money


December 2008


Bill Miller Beats the S&P in December

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Bill Miller, whose Legg Mason Value Trust achieved the unlikely feat of beating the S&P 500-stock index for 15 consecutive years, has become the fund world's punching bag.

So far this year, the fund is down a devastating 56 percent on account of bad bets on stocks including AIG, Washington Mutual,

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investing

8 Recession Stocks

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Forbes published a list of "best recession stocks" today, which were each required to have a positive price change over the two most recent economic downturns (Jan. 1, 2008, to Nov. 28, 2008, and March 1 through Nov. 1 of 2001).

Not surprisingly, the list includes consumer products companies and ...

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investing

Vegas, Baby: Not so Recession Proof

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Vegasgoers aren't such high rollers these days: They're spending less at fancy restaurants, and (gasp!) not ordering that second glass of wine, according to Time.

The number of visitors is only down 3 percent, notes Time, but gaming revenue is off 8.5 percent for the year, and a whopping 24.3 ...

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The S&P's 10 Best and Worst Performers of 2008

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Here are the S&P's 10 Best and Worst Performers of 2008, courtesy of Dow Jones:

Best of 2008:

1) Rohm and Haas Co. (ROH) (materials), up 32.98%. The chemical firm agreed to be acquired by Dow Chemical (DOW) for nearly $19 billion in cash and debt. Rohm and Haas' specialty chemicals has earned it a ...

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The 20 Worst-Performing Industries of 2008

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Industry trends tracker Sageworks just released a list of the worst-performing industries over the past 12 months, measured by sales growth:

  1. Sawmills and wood preservation
  2. Lumber and other construction materials merchant wholesalers
  3. Offices of real estate agents and brokers
  4. Activities related to credit ...
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    investing

    Snazzy Financial Services for Gen Y

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    How do you track your spending? A former roommate of mine meticulously recorded each penny she spent in a plain old notebook. I tried that, but didn't stick to it. I also experimented with Excel spreadsheets and Microsoft Money, but just couldn't commit. Today, I just log onto my accounts online to ...

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    investing

    Funds for Tough Times: Forester Value

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: Berwyn Fund

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: Royce Special Equity

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: FAM Value

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: FAM Equity-Income

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: Fairholme

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: Yacktman Fund

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Funds for Tough Times: Mairs & Power Growth

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    So far this year, not a single diversified stock fund has made money. Most have gotten creamed: According to Morningstar, the average loss for funds that invest in the United States is 42 percent, and, for those that invest internationally, 50 percent. Here's a look at relatively conservative stock ...

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    investing

    Is That an ETF in Your 401(k)?

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    Exchange-traded funds haven't made a lot of headway into 401(k) plans, but Tom Lydon of ETF Trends reports on one that focuses on small businesses with less than 50 employees. It's ING Direct's ShareBuilder 401(k) plan, and it offers a menu of 16 funds and five model portfolios. The all-ETF ...

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    investing

    Big Investors Expect 'Robust' Rebound in 2009

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    Here are the results of Citi's most recent survey of institutional (i.e. big-time) investors:

    • Investors see a "fairly robust" rebound in 2009. Most expect the S&P 500 to close out the year above 1,000, and more than 40 percent of survey respondents expect it to top 1,100.
    • Most investors surveyed ...
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      investing

      The Fund That's Ahead of the Pack

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      Here's a perfect example of why you shouldn't put too much stake in a fund's recent returns.

      According to Morningstar's recent list of best-performing diversified U.S. stock funds (year-to-date), a fund called Embarcadero Alternative Strategies occupies the top spot.

      I had never heard of the fund ...

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      investing

      Warren Buffett On Cabinet Spot: Call Jimmy

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      At the annual one-day Buffett University (a day-long crash course for very lucky business students) a student asked Warren Buffett what his ideal position in Obama's administration would be.

      Always the jokester, Buffett quipped, "My ideal position...is to be CEO of Berkshire...if I got called (and I ...

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      investing

      Faith-Based Fund Shuns Video-Game Stocks

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      Investors looking to strip their portfolios of companies that voilate their religious values have been increasingly turning to faith-based mutual funds (see our recent story on the subject.) These include Ava Maria Catholic Values, whose advisory board includes Larry Kudlow, the founder of Domino's ...

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      investing

      A New Way to Invest in Real Estate

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      PowerShares recently rolled out a new real-estate ETF, and this one is actively managed. The Active U.S. Real Estate Fund (symbol PSR) invests in real estate investment trusts, aka REITs. The fund's managed by a team of 13 investment pros experienced in managing real estate securities.

      Unlike ...

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      investing

      Fidelity Watcher: Magellan's Still a Buy

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      Fidelity's storied Magellan fund has turned out some pretty ugly results this year. So far in 2008, it's down 54 percent, 14 percentage points behind the S&P. It's also getting walloped by 97 percent of its peers.

      Despite those results, Eric Kobren, who writes the independent newsletter Fidelity ...

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      investing

      ETFs that Ruled in November

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      Tom Lydon of ETF Trends makes the case that the market turmoil isn't over yet, as investors are flocking to gold, Treasuries, and leveraged inverse oil funds. Those were November's top-performing ETF groups.

      Utilities, telecom, nuclear energy, and wind energy ETFs did relatively well; meanwhile, the ...

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      investing

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