Word: investments
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Dates: during 1990-1999
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...Manufacturers, Young worked in the trust's emerging markets debt unit, where he was in position to invest and trade debts of foreign governments...
Much of the money propping up share prices comes from small savers who have put their money into mutual funds simply because returns on alternative investments have got so low. With money-market deposits and CDs barely eking out 2% in interest, individuals poured a record $11.3 billion into stock mutual funds in March, snapping up shares so fast that managers barely had time to invest all the cash. Buyers feasted on all kinds of funds, from those that purchase slow-growth utility stocks to aggressive acquirers of speculative new firms. But the binge failed to satisfy the public...
Experts say the remedy for such roller-coaster rides is to invest for the long term rather than trade frequently in an effort to time market swings. "Stock market declines are normal," says Peter Lynch, who notes that the Fidelity Magellan Fund he managed fell nine times during his 13-year tenure. "Stocks have still averaged an 11% return through depressions and world wars," Lynch adds. "But if you're unable to stand volatility, you should not be in. If you spend more than 14 minutes a year worrying about the market, you've wasted 12 minutes...
...Mortgage interest is tax deductible, so paying down a 10% mortgage is equivalent to getting a risk-free, but taxable, 10% return. Depending on how low your rate is, sending the bank a separate check each month, clearly marked PAY-DOWN OF PRINCIPAL, can be a good way to "invest...
Stith's ONE has invoked the act to persuade Boston banks to invest $500 million in the city's minority communities over the next 10 years. ONE has also created a network of organizations in 38 cities to bring bankers and - black community leaders together. In an often acrimonious racial climate, says Stith, the network provides "a place where people can check their guns at the door and still talk about some of the real opportunities...