Some workers who invest in stocks through their employers’ 401k plans proved to be fickle investors this summer. In August—after sharp stock market declines in July—a near record amount of 401k money was yanked from the stock market, says Hewitt Associates LLC, a human resources consulting firm. Hewitt’s index of 401k investments showed that plan participants shifted $765 million from […]
Month: October 2007
Think you need a hedge fund for excitement? Better think again
For the last few years there has been a steady drumbeat out of Wall Street touting the advantages of “alternative” investments for well-to-do investors. The alternative crowd argues that plain old stocks and bonds and mutual funds are no longer good enough for sophisticated investors. Instead, they need a dose of hedge funds, private equity investments, and venture capital deals […]
Client Letter – Q3 2007
Despite a rocky start in July, your portfolio has fully recovered, as evidenced in the chart below. The one year returns are as strong as any period during the past five years. As I’ve said many times, you simply cannot predict the markets, and this quick recovery is a very welcome surprise! While large U.S. stocks (represented by the S&P […]
