Word: houstons
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Dates: during 1980-1989
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...Houston...
Many investors are surprisingly daring at an early stage. Fairfax Randall, a Houston homemaker and sometime interior decorator, boosted her portfolio from $250,000 to $2 million in just three years by leveraging, or borrowing money to increase her stock-market wagers. But she ventured naively into risky stock options and lost $1.5 million during the 1981-82 recession. Then, through cautious decisions and hard work, she built her portfolio back to $2 million. Says she: "The stock market is my absolute love. I don't buy pretty clothes, and I never spend much money on myself...
...everyone is willing to risk such setbacks, especially if the savings in question are earmarked for retirement or education. J.H. Freeman, a 70-year- old former financial manager of a Houston law firm, is primarily interested in steady-dividend income rather than a zooming but precarious stock price. Thus he prefers companies with reliable profits, like power utilities. Though his taste is conservative, Freeman has doubled the value of his portfolio in five years...
...shot candidacy in March, Dukakis has been running like a modern-day Hermes in wing- tip shoes. He inherited most of Gary Hart's Iowa organization, raised a record $4.2 million in three months, and was judged by the keepers of the conventional wisdom as the winner of the Houston debate...
...York: Bonnie Angelo, Joseph N. Boyce, Sandra Burton, Mary Cronin, Jennifer Hull, Thomas McCarroll, Jeanne McDowell, Raji Samghabadi Boston: Robert Ajemian, Joelle Attinger, Melissa Ludtke, Lawrence Malkin Chicago: Barbara Dolan, Lee Griggs, Harry Kelly, J. Madeleine Nash, Elizabeth Taylor Detroit: B. Russell Leavitt Atlanta: Joseph J. Kane, Don Winbush Houston: Richard Woodbury Miami: Marcia Gauger Los Angeles: Dan Goodgame, Jonathan Beaty, Elaine Dutka, Jon D. Hull, Michael Riley, James Willwerth, Denise Worrell San Francisco: Paul A. Witteman, Cristina Garcia...