Clemmons Lectures at Rice on Wealth and Risk Management
Gary Clemmons founder of Texas Capital Management spoke to Rice University Baker College of Personal Finance students about wealth accumulation and preserving assets during stock market volatility. Professor Tom Stallings praised the guest lecturer and noted the value of real world investment guidance for graduates.
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Rescue bill fails in House to aid homeowners and stabilize mortgage giants
Washington reports a 272-152 House vote to aid 400,000 strapped homeowners and to prevent Fannie Mae and Freddie Mac collapse, with Bush dropping opposition and Senate action expected soon. New York notes stock gains as oil prices ease and profits from AT T, McDonald s, and Pfizer boost the Dow.
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Oil dips below 125 as demand fears weigh on market
Oil prices dropped nearly four dollars to 124.44 a barrel for September on the New York Mercantile Exchange, the lowest finish since June 4, amid fears high prices and a weak economy curb demand. Gasoline averages fell about a penny to 4.04 per gallon nationwide.
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Edward Jones tips for surviving market turmoil
Edward Jones advisors compare bear markets to bear attacks and urge staying the course. They warn declines are normal, favor buying quality stocks at lower prices, and note past performance does not guarantee future results. They emphasize understanding holdings and avoiding investments you wouldn’t want in a bear market. Edward Jones is based in St. Louis.
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