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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 21, 1999
Page
3
NY AP outlines common overlooked deductions for last year refis and current costs. It highlights deductions for tax preparation fees audits carryovers from prior returns and life changes such as head of household status job hunting and education or professional expenses.
Bernard Arnault has built LVMH into a global luxury empire and now targets Gucci in a potential takeover. Analysts note Arnault’s ruthless tactics and strong track record, while Gucci under Domenico De Sole and Tom Ford has driven rapid sales growth. Since January, LVMH has invested about $1.4 billion as talks unfold.
AAP report warns that investors should match expectations with fund risks and rewards. Past performance alone cannot predict future results, as stock funds saw high gains but future returns are likely smaller. Surveys show many expect 5 to 15 percent but other data highlight persistent optimism risks.
Charles Royce, head of a $23 billion fund group, expects a revival in small cap and micro cap stocks after a looming market correction. He cautions against betting heavily on stocks now while tech shares fade and leadership narrows, noting a bear trend for small caps spanning nearly three years.
The Motley Fool duo Tom and David Gardner built a media and investment empire from a free online newsletter to books radio shows and a 120 employee company in Alexandria Virginia Their approach demystifies Wall Street and their new book Rule Breakers Rule Makers urges investors to seek top pioneer companies and avoid short term market predictions.
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