My Smartest Investment My Smartest Investment
Dick Francies of Englewood Florida recalls investing $2500 in Fidelity Select Regional Banks Fund in 1995 after noting bank consolidation trends. He sold in 1999 for $12800, praising trend spotting and patient holding as sound strategy. The Fool encourages buying solid companies and seizing short term opportunities when spotted.
MENTIONED IN THIS ARTICLE
Fidelity
Mystery company trivia about candies and paper products
A founder born 1846 built a vast candy empire and a 10 000 acre school while later running a global maker of milk chocolate and brands like Almond Joy Kit Kat and Jolly Rancher. The text hints at Mead paper company and a 19th century Dayton origin as a trick question.
MENTIONED IN THIS ARTICLE
Philadelphia
York
Dayton
Ohio
Gilbert
First Gear
Time Line
Day Minder
Ready Reference
Westvaco
Mead
American Eagle Seen Steering Through Turbulent Retail
American Eagle Outfitters the mall magnet posted a 40 percent rise in quarterly sales to 292.4 million with per share earnings of 0.21, while same store sales gained 4.6 percent amid a Midwest slump. Wall Street backing has grown as the stock more than quadrupled from 7.88 last summer but growth expectations for the current quarter are 10 to 15 percent versus a 20 percent target by analysts. The company operates about 600 namesake stores and 110 Bluenotes Thriftys in Canada, with a youth oriented lifestyle line driving demand.
MENTIONED IN THIS ARTICLE
American Eagle
Midwest
Wall Street
Canada
Never Too Late To Start Saving For Retirement
A mid career look at retirement savings stresses early action. Rochelle Beck, a Miami crafts importer, began automatic monthly transfers after realizing her near zero savings at 45. Financial planners warn procrastination hurts many Americans and urge paying yourself first to build a cushion for the future.
MENTIONED IN THIS ARTICLE
New York
Rochelle Beck
Miami
Maritz Research
Employee Benefit Research Institute
Washington
Artisan Enterprise Network
Boomers urged to boost retirement savings under new tax law
Congress passed a tax bill raising 401k and 403b limits to 11000 next year and adding catch-up contributions for ages 50 plus to 1000, IRA limit to 3000 with a 500 catch-up. Experts note many can't reach max, propose alternatives and earnings moves as tough choices loom.
MENTIONED IN THIS ARTICLE
Congress
Bob Trinz
RIA
Trinz
Ellen Hoffman
Hoffman
Retirement planning tips from a financial planner and boomer examples
Financial planner Scott Bordelon urges funding all goals including retirement. Experts advise delaying work, taking on extra jobs, and downsizing to cut costs. Gary Aldridge retired in 1999 after cutting expenses and moving to rural West Virginia, then half-time consulting and now volunteering on climate projects.
MENTIONED IN THIS ARTICLE
Scott Bordelon
Gary Aldridge
Aldridge
U.S. Senate
Washington
West Virginia
West Virginia Council of Churches
Emergency cash fund: three to six months of expenses
Financial planners advise building an emergency fund equal to three to six months of living costs. Debt level, self employment and job risk shape how close to six months you should save, with a stable, quickly accessible place to park the funds.
MENTIONED IN THIS ARTICLE
Jonathan Satovsky
American Express
Ray Ferrara
The
Financial Planning Association
Emergency fund basics and prudent usage tips
The article outlines where to keep emergency funds including checking and savings, money market accounts, and CDs with staggered maturities. It warns against counting life insurance cash value as emergency funds and stresses restoring any used funds promptly to maintain safety nets.
MENTIONED IN THIS ARTICLE
Satovsky
Ferrara
Stock Market Dumps Rubble After Terror Attacks
Economic fallout from last week's terrorist attacks sent stocks spiraling for the second time in three days Wednesday. Only a late burst of buying saved the Dow Jones industrials from their worst three-day point loss ever.
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Dow Jones
Also Mentioned on This Page
Dick Francies
Englewood, Fla
Eileen Alt Powell
Associated Press
Beck
Covington
Www
Rahome.com
Retirementcatchup.com
Alan Clendenning
Nasdao
A.G. Edwards
Giant City
Carbondale
Illinois
SIPC
AG. Edwards & Sons, Inc