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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Mar 03, 1997
Page
13
Malcolm Berko touts Sara Lee (SLE) as a reliable, inflation resistant long term buy with rising revenues from 2.5 to 20.2 billion by 1997, dividend growth, and solid net profit margins. The piece references brand portfolio including Jimmy Dean and Hillshire Farms and notes cautious reader guidance from the Herald-Journal.
BEA Associates, a New York firm and Credit Suisse unit, started BEA Advisor funds including Emerging Markets Equity and High Yield aiming for long term growth through diverse equity and fixed income securities. The Franklin Templeton Fund Allocator series offers Conservative, Moderate, and Growth targets with varied risk. Berger Associates faced manager change as Rodney Linafelter departed with Berger 100, replaced by Patrick Adams and Kurt Stalzer at Kemper. Free guides on funds and taxes are available from American Century and Mutual Funds magazine via phone.
Stores require name, address, and phone to combat fraud and track returns. Policies vary. law requires posting but not content. If unsure, ask at purchase what info is needed, and contact Consumer Credit Counseling Service of Central New York for guidance at 47-6026 or Suite 600, 500 S. Salina St., Syracuse 13202.
The ECOA protects against discrimination in business credit based on sex marital status race age national origin or religion. If denied you can request written reasons within 30 days and records must be kept for up to a year for small businesses or 60 days for larger ones. You may sue a lender and contact the FTC for enforcement. local BBB columnist Jeanne Casinella offers guidance.
For goals seven to ten years away, invest mainly in stock funds with an 80 20 split versus bonds. Recommended funds include Artisan International 25 percent Baron Asset 15 percent Fidelity not as large 15 percent Loomis Sayles Bond 20 percent Amontag Caldwell Growth 10 percent and Royce Premier 15 percent.
A survey of 600 CPAs for the Georgia Society of CPAs finds baby boomers both older and younger delaying retirement planning and college savings. First-wave and second-wave boomers share delaying investments, with retirement plans and college funding often begun late.
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